High rents boost for landlords

Posted: 18 Dec 2007 10:58:43 GMT


            Property News - High rents boost for landlords

Landlords continue to benefit from high tenant demand and increasing rents.

Landlords continue to benefit from high tenant demand and increasing rents.

That is what is suggested in the Royal Institution of Chartered Surveyors' (Rics) Lettings Survey.

The report reveals that 20 per cent more chartered surveyors reported a rise rather than a fall in tenant lettings in the fourth quarter of the year.

Family homes are the most popular type of property, with Rics pointing out that there is an oversupply of flats.

"With rents still on the increase many would-be-buyers will find accessing the housing market even more difficult as they struggle to raise the capital for that first important purchase," said Rics spokesman Jeremy Leaf.

"However, many landlords will still take solace from uncertainty in the economy and enjoy the gains from rising rents," he continued.

The Association of Residential Lettings Agents recently revealed that demand for rented accommodation is currently at a five-year high in the UK.

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