London Landlords turn to Gumtree in a bid to save Money

07 November 2012 Categories: News

London Landlords turn to Gumtree in a bid to save Money

Kevin Mathew, head of housing on Gumtree, the classified ad website, recently reported that the number of private rental ads for properties in London being put on the site each month has risen by over one third in the last twelve months; a fact that shows landlords are willing to do a bit of hard work to save on advertising and letting fees.

Mathew also said that more than half of the responses to rental property ads on the Gumtree site are for properties in the capital city, and that more than 1.4 million responses had been registered so far this year for advertised properties in the London area.

In a recent interview, Mr Mathew said, “The speed and frequency of responses to London rental properties on the site demonstrate that renting is hugely popular right now in the capital.

“The current economic climate, changing professional lifestyles, and an unpredictable housing market are all contributing factors that make renting an appealing option for many prospective tenants.

“This increasing demand means that it is an opportune time for current landlords to reassess rent levels and packages, and for potential landlords to explore renting options, while the market is as buoyant as it is.”