Residential Rent Gains Expected To Slow

Mortgage rates are falling, capital values are rising, and in the past five years residential rents have outstripped consumer price inflation by 3.6 per cent. Much of that increase has come in the past year, with rents up by 3.7 per cent, the fastest pace for two years. It's important to remember, though, that this embraces considerable regional variations. Rents in the east of England, for example, grew by an annual 12 per cent, even outstripping London, while rents in the East Midlands actually fell by 0.2 per cent. But a recent survey by Your Move, and letting agents network Reeds Rains, suggests that landlords expect rent inflation to tail off to 1.7 per cent by next year. Read more on the Investors Chronicle website.