September 12, 2007
UK property rental prices on the rise
According to the Royal Institution of Chartered Surveyors. As a result of the first time buyers struggle to get onto the property ladder, they would appear to have been looking towards the rental market in order to set up their new homes. This trend has in turn created a demand for quality rented accommodation, and as demand grows naturally the market responds with price rises.
This is a U turn from the years 2002 and 2003, where the rental prices actually fell, but in places where property is in high demand like London the rental values have now increased by around twelve per cent.
This is great time to be a buy to let purchaser with a thirty per cent deposit, they have the benefit of having good property prices, strong rental prices and therefore can sit back and watch their invest grow.
Source [FT]
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