Rent three high age

About 39pc more surveyors reported seeing an increase in rent for the third quarter of those who saw saw a fall, the highest level since the second quarter of 2007, said the Royal Institution of Chartered Surveyors (RICS).

The group said the strong increase in rents was conducted by growing demand for possible first property rental buyers continued to struggle to get a mortgage and raise the deposit, they had to go the scale property.

A balance between the surveyors 33pc said they saw a further increase in demand during the quarter, the biggest jump since 2008.

But the number of new properties that were available to leave fell for the fifth consecutive quarter as owners themselves fought to get mortgages to expand their portfolios to buy to let.

Said surveyors the mismatch between supply and demand has helped the properties being left very quickly, with the owners see very few periods void.

The situation looks set to continue to move forward, with surveyors 34pc predict there will be still rent increases, compared with waiting falls, with rents houses should increase at a pace faster than those of the apartments.

Floating State rental market has led to owners just considering selling their assets when their current lease is nearing completion, with 2 5pc just say that they wanted to do.

RICS Jeremy Leaf spokesman said: "the lettings sector became more in stronger during the nine months, on the other hand for the market of housing, which continues to slow."

"Many are turned to the rental market because they fear further reductions in price on the market of housing, either because they cannot obtain the necessary funding for acheter.Par thus, rents continue to rise with supply failing to follow the request."

But he added that many owners sought to add to their portfolios to an increase in the number of suppliers offer investment loans in recent months.

London saw the greatest increase in rents in the third quarter, with 86pc surveyors reported an increase, the highest level recorded in the history of the survey.

There was also a turning-point in the North, where the balance of Surveyors, reports of increases in rent visited 23pc negative territory see hike.

Nik Madan, John d. Wood & co in London, said: "we are seeing a sharp increase rents achieved across London and statistical .Nos home counties, the rent since January have increased by some 9pc."

"This increase is due to the scarcity of stocks and the abundance of tenants potentiels.Nous expect this continuous rents rise to 2011 because of the difficulty in obtaining loans to buy and the general lack of saleable stock market sale.

Tenant demand is highest in South-Western, even if it also picked up significantly in the Midlands in the quarter.


View the original article here

You can leave a response, or trackback from your own site.

0 Response to "Rent three high age"

Post a Comment

Powered by Blogger