20 Jul

Findings reveal increase in tenants looking for properties to rent

Findings reveal increase in tenants looking for properties to rent

Recent findings have shown that there has been an increase in the number of tenants looking for properties to rent.

According to a report released today (July 20th) by Countrywide, more than 50,480 tenants signed up to rental accommodation during the second quarter of 2010.

This signifies an increase of 16 per cent since the start of the year.

Research also found that June saw the greatest rise in the number of tenants looking to rent properties, with more than 18,000 people registering an interest in rental accommodation in one month alone.

Speaking about the changes, LettingZone's Mark Garner said: "Demand will keep on increasing and unfortunately supply is lagging behind it, so the pressure on rents will go up and [therefore] rents will go up over time, definitely."

This will come as good news to landlords as an increase in demand for properties is likely to benefit their rental incomes.

FindaProperty's research supports this after it revealed that rental fees increased by 2.3 per cent in June, taking the average rental price to £839.ADNFCR-1222-ID-19898847-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.