31 Jan

Inflation could cause rental rise

Inflation could cause rental rise

Letting agents who specialise in the private sector may be interested to learn that four in ten UK landlords expect to raise rents over the course of the year.

New figures from the latest LSL landlord sentiment survey have revealed that the average tenant is likely to face an increase of 3.7 per cent , with 56 per cent of landlords doing so to cover the cost of inflation.

In contrast to this, some 57 per cent of landlords have stated that they do not intend to raise rents, and that they will keep their rents as they are for the remainder of 2014.

David Newnes, director of LSL Property Services has said: “Even with an increase in rental properties available, demand in the private rental sector continues to outstrip supply in many areas, especially in London.”

He added that this could enable landlord to push up their rent prices in the coming months.ADNFCR-1222-ID-801689097-ADNFCR

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