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“Despite the un-stability of the UK property market, the PRS is fast becoming a growth industry”

Key Properties are subscribers to the Legal 4 landlords newsletter, they are specialists in landlords services. Today the newsletter commented on the Private Residential Sector which we found very interesting and would like to share.

“Rents are now approaching their 2007 peak, with a rise in April of 0.6%, which is 2.2% higher than April ’09.  Annual yields appear to have increased within the private residential sector to nearly 5% from last year.

As consumer mortgages have become unrealistic and for many, unobtainable, more people are looking to the PRS for their housing needs.  Letting agents are seeing a marked rise in customers seeking privately rented homes, while many landlords are looking to extend their portfolios to maintain the demand in this sector”

For more information you can visit the legal 4 landlords website at www.legal4landlords.com or contact Key Properties info@keypropertiesuk.com

08/06/2010
Legal4Landlords [marketing@legal4landlords.com]

Tags: consumer mortgages, Legal 4 landlords, Private Residential Sector, UK property market

This entry was posted on Tuesday, June 8th, 2010 at 10:04 am and is filed under Landlords. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.