Landlords will be relieved to hear rents rising as tenant demand increases

Landlords will be pleased to here that rents are rising and property prices are rising.

Research by letting agent LSL Property Services show that rents rose by 0.5% in July.

The belief is that the demand and supply ratio is finally tipping in a positive direction for landlords. The supply is reducing, with many of that mythical creature ' the reluctant landlord' exiting the rental market after disposing of their unwanted properties, set against an increase in supply as tenants stay in the rental sector for longer because of the inability, or the lack of desire to buy.

Indicators show a small increase in rental amounts been obtained by landlords and shorter rental void periods when re-letting.

The rent index shows an average rental figure for property in England and Wales of £586.96.

Read full Times article

Free property management software, Free tenancy agreements