Rents rise as Demand Soars Print E-mail

 

According to ARLA (The Association of Residential Letting Agents) in the past 6 months over half (56%) of their members reported that rents have risen.

This compares to 53% three months ago.

This is more than the 53% reported 3 months ago and it is due to a rise in tenants looking to rent.

As more people find it more difficult to access a mortgage, there were more prospective tenants than available properties in the second quarter of 2011.


(Source: Property Hawk website)