Research by a rental platform suggests there are currently over 65,000 short let properties being advertised in London alone.
The platform, Rentd, says there are some 66,641 short-term rentals currently listed to let across the London rental market.
Westminster is the capital’s short-term rental market hotspot, with 11 per cent of all available short-term rental properties found within the borough.
Tower Hamlets ranks next, accounting for 8.3 per cent of London’s short-term rental availability, followed by Hackney (7.7 per cent), Camden (6.8 per cent) and Kensington and Chelsea (6.8 per cent).
In contrast, Havering, Sutton and Bexley are home to the lowest levels of short-term rental availability, with each borough accounting for just 0.4 per cent of total short-term stock.
Rentd chief executive Ahmed Gamal says: “Short-term rentals form an integral part of the rental market and for many, they are the vital stepping stone between moving to a new town or city and finding that perfect long term rental property.
“For others, they provide a preferable option to hotel living when working away from home for a prolonged period and providing this flexibility is as important as the need for long term rentals within the sector, perhaps more so in major cities such as London.”
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