Rent rates increase expected in 2013

House & flat share | rooms for rent | bedsits | studio flats

Rent rates increase expected in 2013
posted Dec 2012

According to the latest report published by LSL Property Services, the cost of renting in the UK is set to rise over the coming months as demand continues to soar. 38 per cent of the 1,223 landlords polled expect to increase rents in the coming year, with 10 per cent anticipating rises greater than 5 per cent.

David Brown, commercial director of LSL Property Services, said: “Fierce tenant competition in 2012 enabled many landlords to raise their asking prices when letting their properties, preventing inflation from eating into their rental income – and this is likely to continue in the next 12 months. Pension savers have been hit particularly hard by the Autumn Statement and as rental incomes improve buy-to-let looks increasingly attractive as an alternative long-term investment.”

Landlords who are thinking that now is a good time to buy a rental property state that property prices and strong tenant demand are strong incentives.

See other articles

Privacy Policy | Terms and Conditions | Site Map | Contact us

RoomAds – your dedicated online room advertising service
For house sharing or renting rooms, bedsits or studio flats in the UK