Rents have surged to a new high according to the Rentindex.
Over the last few days rents have surged to just shy of £640 an all time high. This is a massive increase of over 3% in the last 3 months. It seems landlords are confident enough to increase rents and tenants are desperate enough to sign up for the tenancy before the Winter descends!
Just a warning. The seasonal down turn will hit any day now. This is as landlords in the continuing game of 'cat and mouse' decide that having their buy-to-let property let before Xmas is better than achieving top rent. This changes again come spring when we expect a seasonal kick up in rents.
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Wednesday, October 30, 2013
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