31 Mar

Price of property to rent in London expected to rise

Price of property to rent in London expected to rise

Houses to rent in London and the south-east are most likely to see price increases in the coming months.

That is the suggestion of LandlordZONE.co.uk director Tom Entwistle, who explained that these are the more prosperous areas and therefore in the best position to enjoy steady growth.

More generally, he predicted that rental properties will remain steady, with demand from tenants increasing as a result of the difficulties faced during the recession - while many landlords are pulling out of the market because they had planning to sell all along.

Commenting on the potential for property owners to consider negotiating with tenants over rent increases, Mr Entwistle added: "As always, landlords need to do their research and pitch their rents at the right level if they are to avoid vacant periods."

Last week, the Association of Residential Letting Agents called for the government to support the private-rented sector in ensuring a strong supply of rental accommodation is available.

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