8 Apr

Rental prices expected to rise in all UK regions

Rental prices expected to rise in all UK regions

The cost of renting a property in all regions of the UK is expected to remain in the ascendancy thanks to the continued level of demand for buy-to-let homes, a new survey has discovered.

The Royal Institute of Chartered Surveyors (Rics) reported that the price of renting has generally remained in positive territory since 2009, with landlords capitalising on the fact people have been struggling to buy homes in the aftermath of the financial crises of 2008 and 2009.

It said that all areas of the country should see growth in the next 12 months, with expected increases to sit at two per cent.

"‘While the rental market remains buoyant at present, it will be interesting to see whether Help to Buy begins to encourage some tenants back to the owner occupier market as more higher loan to value mortgages become available," said Rics economist Simon Rubinsohn, adding that it would be 2014 at the earliest before any evidence of this having an impact would be seen.ADNFCR-1222-ID-801567989-ADNFCR

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