11 October 2014
Increased tenant demand and low levels of rental property coming onto the market pushed rents higher in the three months to April, according to the latest RICS UK Residential Lettings Survey.
Overall, 42% more surveyors reported rents rose rather than fell in the three months to April (up from 40%). Although rents increased across Great Britain, it was London and the South East which saw the most notable increases.
Comments from surveyors reveal that rents in some areas have n
Meanwhile, home ownership remains out of reach for many would-be buyers, partly because of the high deposits required by lenders, but also due to the cost of available mortgage finance.