FT data suggests strong future for rental property |
14 2008 |
| The latest figures published by the Financial Times regarding house prices across England and Wales suggest that demand for rental accommodation will remain strong for some time yet. According to analysis conducted by the newspaper, in spite of recent reports of a general slowdown, property prices remained constant in March. While it was also found that annual growth has now slipped to 5.4 per cent from 6.1 per cent in February, those looking to buy in London are facing the prospect of a rate of growth of 12.3 per cent. This implies that a majority of professionals will continue to find it hard to get onto the property ladder, with many opting to rent and see how the economic situation progresses. Dr Peter Williams, chairman of Acadametrics, which carried out the research on behalf of the Financial Times, noted: "At present, there is nothing to suggest this downward trend won't continue in the short term even though the fundamentals of demand and supply, employment and interest rates remain very favourable."  |
Related Articles |
| Buy-to-let 'not dead yet' |
| Investment in property is still attracting many buyers despite falling... |
| Housing transactions on the up in October |
| The National Association of Estate Agents (NAEA) has published figures... |
| British Land sees property drop 11% |
| The property portfolio of developer British Land has fallen in value by... |
| Property in Edinburgh falls 11% |
| House prices in Edinburgh have now fallen 11 per cent in a year, research... |
| NLA comments on 'reluctant landlord' |
| The National Landlord's Association (NLA) has commented on the phenomenon... |
Copyright © 1995-2008 loot.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the loot