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Hopefully the worrying downward trend in rental values has flattened out, and landlords can start to stabilise cashflows and re-evaluate their longer term business plans. (if they had one in the first place).
This Times article reflects on the current state of the rental market, and comments that ' The lower end of the market is beginning to bottom out, estate agents say, after a sharp decline in rents over the past year. '
The new Rent Index site shows that average rents took a dip in October 2008 through to January 2009 but seem to have flattened out over February and March. The average rent of rental property in England and Wales currently stands at 581.969 according to the Rent Index.
We will monitor the fluctuations in average rents to see if they will retain levels over the coming months.
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