Housing Rental Market continues to stablise many areas

publication date: Aug 10, 2010
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Rental market continues to stablise many areas


The story on rents will continue to be that of stabilisation in many areas coupled with some increasing rental averages in areas which continue to benefit from economic recovery, such as London.

However, it's likely that there could be some pretty big rises in rents once people start moving again and go back to their old ways of moving every 12 - 18th months. The percentage of people renting is at it's highest for some time, with nearly 50% of 20-24 year olds renting privately. As more renters come onto the market, the number of properties for rent isn't expanding, so it's likely to hit over the next six to 12 months. Good news for landlords, not so good for tenants!

READ MORE for an indepth analysis and headline statistics on the property rental market.

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