Supply fall is still driving up rents
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 FindaProperty.com, 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.”