RENTAL demand is at a four and a half year high as house prices continue rising and affordability decreases.
Recent research by The Royal Institution of Chartered Surveyors (RICS) showed that renewed tenant demand has steadily pushed up rents. In effect, this means that more and more people continue to look for rented homes, as they cannot afford to buy.
RICS state that rents on both flats and houses were currently above the survey's long run average; with the amount surveyors could let flats for rising at its fastest pace since 2001. To read the article in full, please click here.
Ajay.
Posted on: 26th Feb 2008
Recent research by The Royal Institution of Chartered Surveyors (RICS) showed that renewed tenant demand has steadily pushed up rents. In effect, this means that more and more people continue to look for rented homes, as they cannot afford to buy.
RICS state that rents on both flats and houses were currently above the survey's long run average; with the amount surveyors could let flats for rising at its fastest pace since 2001. To read the article in full, please click here.
Ajay.
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Posted on: 26th Feb 2008
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