Thursday, March 26, 2009
That’s sweet music to my ears!
"The cost of renting a home has continued to fall as UK householders let out their homes in a bid to beat the recession. Two surveys suggest that there has been a surge in properties available to rent, pushing down costs for tenants... According to Globrix, the number of new rental properties coming onto the market rose from 98,841 in the final three months of 2008 to 155,499 in the first quarter of 2009 - 57% increase... The poll by Findaproperty.com said that in March the average property had been listed for 65 days before being filled by tenants, down five days on the previous month, but up 17 days compared with a year ago... But Zaza Patterson, lettings manager at Dreweatt Neate estate agents, said that some of the biggest reductions in rent have been four-bedroom homes"