Sup­ply fall is still driv­ing up rents

Yorkshire Post - Property - - PROPERTY -

Rents have risen 2.7 per cent over the first four months of 2010 as sup­ply con­tin­ues to fall. The av­er­age has risen from £804pcm in Jan­uary to £826pcm in April.

Nigel Lewis, prop­erty an­a­lyst at Fin­daProp­, says: “The start of 2010 has been a strong pe­riod for the rental mar­ket.

“While there have been dips and jumps over the first four months the gen­eral trend for the UK has been ask­ing rents ris­ing steadily. The rea­son for this is con­sis­tent month-on­month falls in the num­ber of prop­er­ties avail­able to rent. The gap be­tween sup­ply and price is nar­row­ing and soon nei­ther ten­ants nor land­lords will have the stronger po­si­tion.”

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