Monday, June 22, 2009
Rental crash continues
The rate at which rents are falling has accelerated as the letting market continues to suffer from an oversupply of properties, research has showed. A record 55% more chartered surveyors in Great Britain reported falling rents rather than rising ones during the three months to the end of April, the Royal Institution of Chartered Surveyors said. The figure was the highest level since the survey began in 1999.