By Daniel Hunter
London's graduate rental market is shifting away from traditional areas such as Shoredtich and Hoxton, to East Barnet, East Leyton and Forest Hill, according to research by property website FindProperly.co.uk.
Analysing where renters purposefully excluded/included, FindProperly were able to pinpoint new trends on the rental scene.
With the cost of renting a one bedroom flat in Hackney now almost £1, 213 a month, compared to just £850 in Lewisham, it is no wonder that the graduate rental market is changing. Areas around Canary Wharf, once popular which financial services professionals, are now out of favour, hinting that the graduate jobs market is also driving rental market trends.
"Our research confirmed typical areas popular with graduates, but some were a real surprise. Graduates are being forced out of traditionally 'young' areas. This influx of young people will lead to the gentrification of these areas, prime areas for buy-to-let investors to buy in," FindProperly founder, Peter Thum-Bonanno, commented.
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