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London rental prices 'nearing the limit'

Average rental prices in London are already approaching the "limits of affordability", according to one industry analyst. Liam Bailey, head of residential research at Knight Frank, said he has "no doubt" that rents will increase in the future, though he believes that prices are already hitting limits in terms of rental levels and affordability. He ...

20th Dec 2011

December 'the optimum time' to find property for rent

This month is the best of the year for potential tenants to find a property to rent somewhere in the UK, it has been claimed. According to property analyst Samantha Baden, monthly rents dipped last month for the fourth consecutive year, which has brought the average asking price per month for rental property down to £871. Since 2008, rental prices have experienced a ...

19th Dec 2011

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Lettings market 'needs greater regulation'

Greater regulation is required in the rental market to ensure that all letting agents are professional, according to the Tenancy Deposit Scheme (TDS). Malcolm Harrison, spokesman for the TDS, said the majority of people in the lettings industry believe this, as it will ensure reputable agents are recognised for the high standards of professionalism they stick to. His ...

14th Dec 2011

UK rental market 'is pretty buoyant'

There is a certain degree of buoyancy in the UK rental market at the moment and this is set to continue for the foreseeable future, one expert has predicted. Daniel Cox, sales director at WMP Group, said there is a great deal of attractiveness in the lettings market for potential investors at the moment. His comments follow the publication of a report by the Royal ...

8th Dec 2011

Buy to let lending 'set to rise'

There is set to be a substantial rise in lending to buy to let landlords in the coming months, one analyst has predicted. David Whittaker, managing director at Mortgages for Business, said he expects to see buy to let making up a higher percentage of the UK residential mortgage market because it is a subset of that market, and is effectively the same stock that people might ...

7th Dec 2011

Olympics build-up 'not affecting London rental market'

The build up to the 2012 Olympic Games has had little or no effect on London's property rental market so far, according to one expert on the subject. Daniel Burgess, a rental property specialist, said that the Olympics is the "last thing" on the minds of landlords and tenants at the moment, with the majority of them concentrating on getting through the next ...

6th Dec 2011

Tenant demand 'will remain strong'

Demand for property to rent in the UK is likely to remain strong in the months ahead, despite something of a 'metropolitan split' emerging at the moment, according to the Residential Landlords Association (RLA). Alan Ward, chairman of the RLA, said, there is no indication of tenant demand slowing as long as the supply side is falling "well short". "It ...

1st Dec 2011

Student rental market 'is incredibly competitive'

The quality of student houses is not deteriorating at the moment, in spite of the tough economic conditions, one specialist has observed. Rental property expert Jonathan Moore said the student rental market is "incredibly competitive" for tenants, so no landlord wants to risk their property remaining vacant over the course of an academic year because of its poor ...

30th Nov 2011

Landlords 'are confident' about portfolio expansion

There are signs in the UK that the amount of rental stock is likely to increase in the near future, according to one specialist, which is good news for landlords. Private rented sector expert David Lawrenson said there are signs that the amount of rental stock is likely to increase in the near future, with most reports indicating that landlords are "quite ...

29th Nov 2011

Private rental property 'cheaper than halls' for students

Students hoping to save money while at university may find that staying in private property to rent is cheaper than student halls, one expert has noted. Rental property specialist Jonathan Moore pointed out that, at present, student rents remain below the level of the mainstream market, but they have been rising. "In many towns, this may continue next year, as the ...

28th Nov 2011

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