Monday, July 23, 2012

UK rental market in rude health - Assetz News

UK rental market in rude health - Assetz News
http://bit.ly/QqsAr5
AppId is over the quota AppId is over the quota The housing market is experiencing mixed fortunes, according to research from Experia. The rental sector is blooming, with an additional 58,000 properties being marketed to rent in 2011, compared with the same period in 2010. However, the number of properties for sale fell by 12,000 in 2011. Properties offered for rent went up in every quarter in 2011 when compared with 2010. An increase of 14.46% was seen in the third quarter - the most striking. The research reveals trends in the market, showing that a summer month - May - was busiest for the resale market and those that wanted to invest in property. December proved to be an unfavourable time to put your property on the market. The influx of students requiring accommodation could be the reason for a spike in the rental market in August. Jonathan Westley, managing director of Consumer Information Services at Experian UK & Ireland , said: "This insight shows that homeowners may be using renting as a back-up plan if they are unable to sell or alternatively some may still consider property a long-term investment." Copyright Press Association 2012 Terms of content usage: XML and other types of publication of this article title and the URL of this page are permitted using the RSS feed or other methods. Article content strictly prohibited from duplication on any other site directly other than first paragraph included in the XML feed. View the original article here

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