Friday, August 27, 2010

Fewer buyers, more renters

Lack of mortgage finance means buoyant rentals

Increased tenant demand and a shortage of properties pushed rents higher in the April to June quarter, according to the Royal Institution of Chartered Surveyors (Rics). Continued difficulty in securing mortgage finance, worries over a double dip in housing and large deposits required by lenders led to higher numbers renting rather than buying, according to Rics' quarterly residential lettings survey. For the second consecutive quarter, lettings demand rose at a pace above the long-run average. Some 26% more chartered surveyors reported a rise in demand for property rather than a fall. Although tenant demand increased across all regions, it was strongest in London and the East of England.

Posted by drewster @ 11:01 AM (902 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>