Sunday, November 13, 2011
Heads you lose, tails you can’t win
Rising demand from those unable to buy their own homes and those reluctant to commit in the current market means that rents will rise significantly more than house prices in the UK over the next five years, according to international real estate adviser, Savills. Competition among renters will drive rents higher, with growth in mainstream rents forecast to rise by 20.5% by the end of 2016. This growth significantly outpaces house price growth which is expected to total just 6% over the same five years.