20 Mar

Rents on the increase

Rents on the increase

Letting agents will be pleased to see an increased in advertised rents in most parts of the UK.

According to figures from Move With US, rents reached their high levels in February since the third quarter of 2012.

Scotland saw the biggest rise of 2.8 per cent but Greater London also performed well with a 1.31 per cent rise last month - the second successive month for the region - and it means rents are now 2.54 per cent higher than at the same point in 2013.

Robin King, director of Move with Us, explained the UK's letting market is undergoing a period of change as demand continues to be strong.

He added: "Any aspiring buy to let landlords looking to invest in property should follow the golden rules of finding a place with a good rental yield that is in a nice area and is close to local amenities and transport links."

Recent data from Home.co.uk also showed that asking prices remain buoyant and may signal the property market is continuing to recover well.

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