30 Nov '12, 9am

Rental boom in the UK #PR

Demand for property rentals in the UK has grown rapidly and is not showing signs of moderating any time soon, according to the latest RICS residential lettings survey. The study revealed that interest from would-be-renters jumped to a net balance of 15 percent from the period of August to October, the highest since January. These findings come amid market fears over the lack of agent regulation in the UK’s rental segment. A separate RICS survey found that nearly 90 percent of tenants favour compulsory regulation for letting agents so as to protect consumers. Meanwhile, more landlords placed their properties on the market during the last quarter, with a net balance of 14 percent more chartered surveyors reporting an increase in new instructions. In terms of prices, 12 percent more respondents said rental values have increased. Moving forward, rental costs across the country...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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