25 Jan

Cost of houses to rent in UK may not increase

Cost of houses to rent in UK may not increase

People looking for property to rent in the UK may not see the cost of rent increase this year.

More than half of landlords plan to maintain rent at 2010 levels, according to Paragon Mortgages.

Only 41 per cent of landlords plan to increase rent charges, the survey revealed.

Fewer increases in rent could see demand for houses or flats to rent in the UK stay strong throughout 2011.

According to online community LandlordZONE.co.uk, the slow economic recovery could lead to more people choosing to rent.

Tom Entwistle, director at LandlordZONE.co.uk, said: "I think tenant demand will hold up because it is supported by the fact that more people are renting.

"There are certainly going to be redundancies and there could be repossessions and it is all going to lead to renting."

The UK rental market is well supported, he added.

December saw the first decrease in rent since January 2010, according to the LSL Property Services Buy-To-Let Index.ADNFCR-1222-ID-800362415-ADNFCR

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