London rental rate growth is slowest in UK |
22 2008 |
| Rental rates are growing slower in London than anywhere else in the country, a new Royal Institute of Chartered Surveyors (RICS) residential letting survey has confirmed. Despite the cost of renting rising most in the south-east and south-west regions of the country, London is seemingly resisting opportunist landlords seeking to profit from the insecurity of the housing market. The news will come as a boost to potential first-time-buyers who have been priced out of the market in the capital, or young adults who simply wish to rent for the short to medium term. The rental market at large is booming, with RICS confirming that 28 per cent more chartered surveyors reported a rise in lettings rather than a fall during the first quarter of 2008. The survey also showed that the number of landlords selling their properties when their tenancies came to an end is down to 4.2 per cent from 4.6 per cent. RICS represents, regulates and promotes the work of property professionals throughout 146 countries, and has been publishing its residential letting survey since 1998.  |
Related Articles |
| Mayfair home falls down in credit crunch |
| A £20 million London property has become the latest victim in the... |
| House prices have 'no reason' to stabilise soon |
| The idea held by many that Britain's house prices will steady as a result... |
| Which? publishes help for 'accidental landlords' |
| Consumer organisation Which? has created a book to aid landlords in the... |
| Private landlords 'should be encouraged' |
| The private rental sector should be supported and expanded, and buy-to-let... |
| Annual price drop reaches 8.1% |
| A relatively modest annual price drop has been recorded by Hometrack this... |
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