Find a property have sent through some very interesting information regarding the current rental market.
Nigel Lewis, the property analyst for findaproperty.com suggests that tenants face more rent rises as stock falls further;
“The new budget may lead many to consider delaying their first steps onto the property ladder and, as more people rent, this will put more pressure on the lettings sector.
“A small number of properties came on the market during the second quarter but overall stock levels are still down. Demand is likely to outstrip supply for a while yet and rents will keep being pushed up as a result.”
Mr Lewis also goes on to show some very interesting graphs showing supply vs asking price and the change in rental price over a three month trend.
For further information visit:
http://www.findaproperty.com/media/rental-index/FindaProperty_Rental_Index_Q2_Jun_10.pdf
Tags: findaproperty.com, lettings sector, more people rent, property ladder
