London Mayor launches 'rents map'

Published 21st Jan 2010

In order to give landlords, tenants and letting agents the inside track on the private rented sector in London, Boris Johnson has launched a new website offering the chance to view a new online pricing guide to property...

The London Rents Map shows average private sector rents for different types of home across London.

Simply type in a postcode, borough, or Tube station and the website will list the average price per week for any size of private property, from a room in a shared flat up to a four-bedroom pad.

The data on average rents is given at postcode district level and is based on a sample covering the last 12 months, so whilst it is useful for getting a general idea, it does not fully reflect the most recent short-term trends in the market.

Unlike some existing search sites which show asking prices posted by estate agents and individuals rather than rents achieved, it is based on actual market rents that should be charged in the capital.

There is also an idiot-proof colour-coded map showing where the cheapest and most expensive rents are. Dartford is the cheapest place, whilst Kensington is the most expensive. For renters unsure about what they need to do, there are pages of information on tenancy agreements and deposits.

Mayor Boris Johnson said the website, which he described as a ‘brilliant one-stop shop' for both landlords and tenants, is part of his efforts to support London's private rented sector.

Mr Johnson said, "It is hugely important for London's economy, diversity and dynamism to have a thriving private rented sector, which accommodates people from all walks of life and encourages newcomers to the capital.

"We know that people looking to rent sometimes don't know where to go for the right information, so this new website is about supporting the market by making that information available," Mr Johnson added.

Source: ' TMC '

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