|
| • Your Property Search |
| |
| • Useful Contacts |
NEWS 25TH MAY 2010 - Rents start rising again as demand outstrips supply:
A lack of supply is pushing rents higher, signalling a revival in the lettings market, says the latest Lettings Survey from the Royal Institution of Chartered Surveyors (RICS).
The net balance of Chartered Surveyors reporting rising rather than falling rents rose from zero to 30% - a marked contrast to April last year when 58% more chartered surveyors were reporting falling rents, an all-time low for the survey.
Surveyors are optimistic that rents will continue to rise with the rental expectations net balance climbing to 36% - the highest figure recorded in the survey's history.
The more positive picture for rents can be attributed, in part, to the continued decline in the supply of both flats and houses in the marketplace. 12% more Chartered Surveyors reported a fall rather than a rise in the number of new landlord instructions for this period. The upturn in the housing market has tempted many of the accidental landlords to sell up with new instructions for sale on estate agents books now rising.
However, one consequence of the turnaround in the rental trend is that the net balance of surveyors reporting an increase in gross yields has turned positive for the first time in a year. Significantly, demand for property to let remains strong with 30% more respondents still seeing it rise than fall, the strongest reading since January 2009. Houses remain marginally more popular than flats but flats are starting re-establish their appeal.
RICS spokesperson Jeremy Leaf comments: "With sellers back in the housing market, supply has fallen back in the lettings sector. This is good news for landlords as rents are set to move higher in the coming months and yield returns are likely to improve. Moreover, the news that buy to let specialists are beginning to lend again may also encourage investors to return to the market.
However, the prospect of higher capital gains tax on the sale of property may in the near term encourage some existing landlords to take advantage of the current more benign tax regime."
LANDLORDS & TENANTS, ARE YOU LOOKING FOR PEACE OF MIND - LOOK NO FURTHER:
FCC Paragon are predominantly a tenant referencing company, however they have expanded and diversified to offer a unique & comprehensive range of products & services for the lettings industry.
These services include tenant referencing, insurance, rent warranty, debt recovery, mortgages, property investment and many more. Please visit www.fccparagon.com for more information.
|
|
| |
 Useful Links |
|
| Bloomsbury Residential Lettings |
The best letting agency in Salisbury! |
| Estate Angels |
Find estate agents with property for sale or to let in the UK |
| FCC Paragon |
Offer our letting agents and landlords access to Insurance products, Warranties, Mortgages, Investment Properties and many more services |
| FREE 0800 Numbers www.numbergroup.com |
|
| Kentfind.co.uk |
The Kent Business Directory has a huge database of 78,111 Kent businesses that are easily searchable from the search box above. To find a business just type in what you are looking for and click on the search button. |
| LandlordZONE |
Rental Property Knowledge - Resource Site for Landlords, Tenants and Letting Agents |
| LetMatch |
The Site that unites |
| Lets Direct |
Residential property to rent in the UK and Ireland. Landlords can advertise for Free!
|
| Letting 4 Success |
The complete business package for setting up and running your own residential letting
agency, whether you choose to work from home or office, full or part time. |
| Letting Agents Locally |
|
| Magenta Sky |
Printmaking and greetings card business based in Salisbury Wilts |
|
|
|
|
| © Copyright homelinKs 2009 Website provided by www.websites4lettings.co.uk |
08450 950650 