travel and weather where you are. hello, good morning from bbc london. i m thomas magill. a lack of rental properties is being blamed as one of the factors making it more difficult for tenants to find somehere to live here in london. 0ne estate agent says there s almost 50% fewer homes available compared with four years ago and that s driving up prices. bbc research found there s at least 15 requests to view each available property. we got outbid by an over asking price offer and ended up having to pay 2150 a month instead of the asking price. plans for a major redevelopment of one of the capital s busiest train stations in east london has been submitted to the government.
it is very frustrating. some estate agents don t actually get back in touch with you. we ve found that out. so even with the two wages coming in, it s not straightforward to get hold of somewhere to rent, then? no, definitely not. and you can have all the money in the world, but it ll still be a long process. although you re joining a longer queue of people trying to rent properties here in the northwest of england, elsewhere in the country, your money doesn t stretch nearly as far. because in london it s all about price. for us, it meant that we had to offer over asking price by £200 a month. claudia and her boyfriend have just got a one bed flat, but its cost them half their monthly income. we saw this flat, we loved it. we put in an asking price offer, which was 1,950 a month, and we got outbid by an over asking price offer. so we ended up having to pay 2,150 a month instead of the asking price. although london prices are the most, price rises are happening everywhere. so we think
asking price offer. so we ended up having to pay 2,150 a month instead of the asking price. although london prices are the most, price rises are happening everywhere. so we think that rents will probably keep rising around the 5% mark both this year and next year, and that will outpace house price growth. and so much of that comes down to the supply issue that we re facing here across great britain. and the fact that landlord costs are rising, too. wherever you live, there are things you can do to try and get your application to the top of the pile. try and turn up to a viewing with paperwork in your hand. don t forget to register with as many different estate agents as you can so that you can get alerts before properties are advertised. make sure that you re popping in and introducing yourself to an estate agent as well, so that you are at the front of their mind when properties are coming up on the market. this beautiful space. however long the list, demi and andrew haven t given up
yeah you just go round in circles. it is very frustrating. some estate agents don t actually get back in touch with you. we ve found that out. so even with the two wages coming in, it s not straightforward to get hold of somewhere to rent, then? no, definitely not. and you can have all the money in the world, but it ll still be a long process. although you re joining a longer queue of people trying to rent properties here in the northwest of england, elsewhere in the country, your money doesn t stretch nearly as far. because in london, it s all about price. for us, it meant that we had to offer over asking price by £200 a month. claudia and her boyfriend have just got a one bed flat, but its cost them half their monthly income. we saw this flat, we loved it. we put in an asking price offer, which was 1,950 a month, and we got outbid by an over asking price offer. so we ended up having to pay 2,150 a month instead of the asking price. although london prices are the most, price rises