13 Jan

Natural cycle of renting has fallen apart

Natural cycle of renting has fallen apart

The natural cycle of renting in the UK has fallen apart due to people's inability to afford their own homes, according to an expert.

Matt Hutchinson, director at SpareRoom, said that because people cannot afford to buy their own properties, the cost of renting homes is going up to meet demand.

While this is not the best news for people who are looking to rent a property, it is for people with property to rent in Bournemouth, who could see their rental yield increase.

Mr Hutchinson said: "The demand for rentals is going up, so prices are going up and that is filtering down into the flatshare world."

It was recently reported by Paragon that the demand for rental properties in the UK could see an increase in 2012, as 56 per cent of landlords have reported that they expect to see more people vying for rental homes over the next year.ADNFCR-1222-ID-801264271-ADNFCR

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