A survey of over 3000 tenants by website Rightmove showed that over 40% of tenants expected rents to rise over the next year. Most of these expected rent rises of up to 10%.Just 7% of tenants expected lower rents.
The latest figures from Findaproperty indicated that 'asking' rents rose by 2.7% over the first three months of this year.
The Rentindex shows that the average rent charged by a landlord under an Assured Shorthold Tenancy in England & Wales is £578.71 a rise of 1.2% over the last month.
Buy-to-let insurance
Are these people for real?
ReplyDeleteIn this city, there is an increasingly big forest of 'to let' signs,and an ever growing number of buy-to-let properties being put up for sale, even though many landlords have dropped their asking price.
Reasons?
Here are some.
1.Local Rent Allowance lowered again for the second year.
2.2000 more rooms available from September 2009 in university-owned, or big company owned halls of residence in this city.
3. Reduction in number of students enrolled in local univerities.
4.EU citizens returning home.
5.Asylum seekers being deported in evert increasing numbers.
The word of Estate Agents is no better than those of used car salesmen. They will say anything to feather their own nests.