A two bedroom furnished flat can cost up to 21% more to rent than a comparable property that is unfurnished.
Research from OnTheMarket has based the cost of furnishing a two-bed property on buying a sofa, coffee table, bookcase, TV, table and chairs, two double bed frames, two mattresses, a desk and an office chair from IKEA and Curry’s. The total cost is £1,800.
Onthemarket (LON:OTMP), launched in January 2015, the OnTheMarket.com property portal was created by Agents’ Mutual Limited, a company limited by guarantee and founded in January 2013 by a small group of agent firms, with the objective of creating a new portal to challenge the dominance of Rightmove and Zoopla. Both groups were felt to be using their strong positions relative to their agent customers to impose significant price increases for their portal services.