The level of rental prices is not on the way down, it has been stated.
Chief executive of property investment firm Assetz Stuart Law said the company is "not detecting any weakness" in rental levels.
Despite a few "wobbles", he added, "rents have been very firm because all the demand that used to buy property has swung over to renting instead."
He stated that while this will swing back towards property the process will be a gradual one and will not "damage" rental rates.
Mr Law was commenting after two surveys suggested different trends in the rental market.
The Royal Institution of Chartered Surveyors found in its latest poll - published this week -that 55 per cent more surveyors recorded a fall in rents than saw rent increases in April, compared with 48 per cent in the previous quarter.
However, the FindaProperty.com Rental Index stated that the average figure was 0.5 per cent up in June from May at £823.
Published on: June 24, 2009