Wednesday, Oct 22, 2008
So ... renting isn't dead money after all
FT: Rental demand up 50%
The number of people signing up for rented accommodation rose in September, with demand up 50 per cent year on year, according to the UK’s second largest lettings agent Your Move, with 250 branches nationwide. The number of leases commencing in September also rose, up 4.34 per cent compared to the previous month, coinciding with mortgage advances being at an all time low, which Your Move said was an indication that would-be buyers are renting rather than buying property.
Posted by uncle chris @ 04:08 PM (231 views) Add Comment
1 Comment
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1. Dr Ray said...
Maybe "would be buyers" don't have a choice. Not many people with 30-40K in cash to put down as deposit.