31
Mar
Price of property to rent in London expected to rise
Houses to rent in London and the south-east are
most likely to see price increases in the coming months.
That is the suggestion of LandlordZONE.co.uk director Tom
Entwistle, who explained that these are the more prosperous areas
and therefore in the best position to enjoy steady growth.
More generally, he predicted that rental properties will remain
steady, with demand from tenants increasing as a result of the
difficulties faced during the recession - while many landlords are
pulling out of the market because they had planning to sell all
along.
Commenting on the potential for property owners to consider
negotiating with tenants over rent increases, Mr Entwistle added:
"As always, landlords need to do their research and pitch their
rents at the right level if they are to avoid vacant
periods."
Last week, the Association of Residential Letting Agents called for the government to support the
private-rented sector in ensuring a strong supply of rental
accommodation is available.
