20-02-2012
The Christmas period is notoriously quiet for letting agents’ nation wide. The worry of complications and unnecessary headaches is enough to put the majority of tenants off the idea of moving over the festive period. However with average rents reaching record heights at the tail-end of 2011, many searching for new accommodation have attempted to take advantage of the previous trends of low Christmas demand for rental property.
It would appear though, the holidays have failed to affect this years rental prices. Limited property demand has seen rents rise in January for the first time in four years. Research by LSL Property services illustrated a rise of 0.1% in UK rents, to £712 a month. The rise was felt hardest in the West Midlands, with London not trailing far behind.
Jamie Simpson of iInsure365 explains that much of the same is forecasted for 2012, “Record demand has been created from increases in the cost of living and owning a property outright. Luckily, lending conditions for would-be landlords have become more flexible allowing supply to be created”
Does your rental property need Landlords Insurance? Speak to the experts at iInsure365 now for an all risk quotation on 01273 827090.
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