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Tuesday, July 20, 2010

Rental demand at record high

Countrywide report 50,480 people wanting to rent a property registered with it during the three months to the end of June, the highest level it has recorded since it started collecting the data in 2003.

The figure was also 16pc higher than demand was during the first three months of the year.

They figures show a 6 percent fall in rental properties available leading to increased competition from potential tenants.

Countrywide report that there is now an average of 5.5 tenants for each rental property up from 4.9 earlier in the year.

Read more in the Telegraph

Time for landlords to become more choosy about their tenants........

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