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Rents Are On The Up!

 

Rod Thomas According to RICS, a lack of new supply in rental property is pushing rents higher in the UK, which can only be good news for existing and new landlords.

 

Rents have risen for the past four consecutive months and are now 2.7% higher than a year ago, making the rise in rents higher than the rise in house prices.

 

This is a considerable improvement on April last year, when rents were falling as the lettings market became flooded with properties that homeowners had been unable to sell.

 

increasing rental for uk properties

The decline in rental supply appears to have been caused by 'fair weather' landlords selling up and causing the number of new properties for sale to rise. This is good news for landlords who are prepared to hold on to their properties, as rents are set to move higher in the coming months and yield returns are likely to improve.

 

Take Up References

But beware, rising rents can also cause defaulting tenants. The vetting and reference procedure for tenants will become extremely important

they will need to be able to afford any rent increases that you put forward when they are due for renewal.

 

Tell us how your rental incomes are performing?

 

Live with Abundance

 

Rod Signature

 

Rod Thomas FCA

 

Are you interested in investing in UK property?

Download the Axis Investment Guide to UK Property

Talk to our UK portfolio manager - David Ball on 0333 444 0034 (standard rate call)

Posted in Letting and Managing

3 responses to 'Rents Are On The Up!'

Personal loans online

Added 05-Oct-2010 12:51

Wow! I'm new to the property investment game and had no idea how involved everything is! thank you for sharing your insight/information. its a steep learning curve for me!

Thank you and Good Luck

Cheap Accommodation

Added 11-Jan-2011 17:38

I really like your blog. Thank you very much for sharing your thought with us.

Appreciate the feedback

shoebuy

Added 16-May-2011 13:19

I saw this really great post today! Good share, great article, very useful for us…thanks.

Appreciate the feedback.

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