Rents on houses are holding up with the supply dropping by 1.5pc, with rents for larger properties seeing a rise in rents for the second consecutive month according to recent Findaproperty.com stats.
However the over supply of the poor old city centre apartment ( not so glamorous now )has seen a further increase in supply of 2.8pc available for rent, leading to a drop in rental values of 0.7pc. Ouch.
This follows predictions that city centre apartments will continue to see the worst of any future property price falls. Double ouch.
The double ouch might lead to more and more BTL investors throwing in the towel leading to large scale repossession on BTL property.
The Rent Index of average rent on all rental property types in England and Wales has stabilised at £589.75.
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