There is an increase in demand for property in the UK
private rental sector with new tenants seeing a rise in monthly rents from a
third of lettings agents. Some 31% of
letting agents saw an increase in the cost of monthly rent for tenants from
January to February. The South East saw the highest number of landlords
increasing rent per calendar month with 41% of agents in the region reporting
an increase whereas in contrast in Wales only 13% of agent’s reported uplift in
rent prices. An increase in rents may be down to the fierce competition for
rental property. Licensed agents reported an average of 40 prospective tenants
per branch in February, up from 38 in January.
Read more on the Property Wire website.
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