Rents ris­ing as de­mand­grows

Yorkshire Post - Property - - PROPERTY -

A lack of sup­ply is push­ing rents higher in the North of Eng­land, sig­nalling a re­vival in the re­gion’s rental mar­ket, ac­cord­ing to the lat­est RICS (Royal In­sti­tu­tion of Char­tered Sur­vey­ors) Let­tings Sur­vey.

The net bal­ance of char­tered sur­vey­ors in the North re­port­ing ris­ing rather than fall­ing rents rose to 20 per cent from -13 per cent back in Jan­uary.

RICS York­shire hous­ing spokesper­son, Jon Char­ters-Reid of Char­ters-Reid As­so­ci­ates in York, says: “We have seen a good in­crease in de­mand for rental prop­er­ties re­cently, with the mort­gage mar­ket as it stands con­tin­u­ing to drive this de­mand.”

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