According to the latest figures from global flatsharing website Easyroommate, the number of short term lets being offered across the UK has increased by 2% in the last six months rising to 41% of the total number of properties currently listed on the uk.easyroommate.com website.
In April the number of short term lets offered rose to over 6000 properties, 41% of the accommodation currently listed on the Easyroommate.co.uk website, whilst in November 2011 the figure stood at 39%.
Jonathan Moore, director of Easyroommate.co.uk, comments: ” A short term let is a great way for homeowners to boost their income without the long term commitment usually associated with the average tenancy, our figures show that a growing number of our users are switching on to the freedom short term let’s provide.
Whilst a normal tenancy within a flatshare typically lasts a year, a short term lets can last from one week up to six months, and is typically used to fill rental voids. The short term option is extremely popular amongst live-in landlords, with 44% of the short term lets listed on the Easyroommate website during April being offered by live in landlords, they are closely followed by current flatmates, who attribute to 35% of the short term lets available.
The trend of offering short term lets predominantly tends to occur in major UK cities. Of the 6029 short term lets currently listed on the Easyroommate site the majority are located in London (21%), Manchester (3%), Birmingham (3%), Bristol(2%) and Leeds(2%).
Jonathan Moore continues: “Whilst short term lets are offered throughout the UK, the majority can be found in major cities. This can be attributed to increased numbers of people relocating for career purposes, and requiring immediate accommodation. Short term are a fantastic way to allow tenants to move to a new area without committing, and more and more property owners are becoming aware of this.”
Easyroommate user Justin King, a landlord from Brighton states: “I find renting out my spare room as a short-term let is the best option for me. It allows me to ensure I have a tenant during traditionally quite periods and it has also allowed me to meet lots of really interesting people.”
Whilst Alice Walker, who regularly uses short term lets comments “I use short term lets to live in a friendly, affordable environment without feeling tied down.”
The latest figures also reveal that two-thirds of the total number of short term letting listing on the uk.easyroommate.com were offered by professionals, with the number of students trailing behind at only 7%. Short term lets are also more popular amongst
Easyroommate.co.uk is the world’s number one flatshare and houseshare website. It has been running for over ten years and operates in 31 countries across the world, in 12 different languages. The site is safe, scam free and all the content is up to date. Its advanced search facilities set it apart from other flatshare websites: Easyroommate does not keep outdated ads to misrepresent its content or artificially increase its database.