Wednesday, Dec 02, 2009

RICS - "oversupply is reversing, with new instructions at the lowest we have ever seen"

Times: Rental market shrinks as landlords sell up

Residential rents are set to rise next year as the number of properties put up to let dwindles to levels not seen since 1998. According to the latest survey of the lettings market from the Royal Institution of Chartered Surveyors, rents are expected to rise for the first time since July last year. The drop-off in properties coming on to the rental market was cited as the main reason for the change. Accidental landlords, who found themselves renting out their homes because they could not sell, have been rushing to take advantage of the recovering housing market

Posted by jack c @ 09:12 AM (1011 views)
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5 Comments

1. paul said...

So a property VI says that rents 'might go up'. Is the Times a free newspaper yet?

Wednesday, December 2, 2009 09:31AM Report Comment
 

2. cynicalsoothsayer said...

Pillar to post and back to pillar again. If they failed to sell before trying to rent out, how likely are they to sell now?

Wednesday, December 2, 2009 09:40AM Report Comment
 

3. Neil B said...

Who are they going to sell to?

Wednesday, December 2, 2009 10:10AM Report Comment
 

4. crunchy said...

From The Daily Universal Register.. "Oh the Times, they are a-changin'." Will there ever be a Rupert the Bear? cont, page 101.

Wednesday, December 2, 2009 11:01AM Report Comment
 

5. timmy t said...

So if residential rent is set to rise because accidental landlords are rushing to sell, reducing supply, you can only conclude that house prices are set to fall because of an increase in supply for the same reason. Funny how the headline didn't say that...

Wednesday, December 2, 2009 11:07AM Report Comment
 

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