Monday, June 9, 2008
It also demolishes the myth of soaring rent levels,” Mr Potter added
"We are seeing corrections in individual locations throughout the country. The main cause of these is the developments of new blocks of two-bedroom flats coming on-stream," said Ian Potter, head of operations at Arla. "In many places this has had a positive effect as it has allowed the rental market to provide stability in housing at a time of volatility in the sales market. It also demolishes the myth of soaring rent levels," Mr Potter added.