Rental prices 'holding steady'

by Christopher Evans

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 Rental Index stated that the average figure was 0.5 per cent up in June from May at £823.

  • Landlord and Tenancy News from Lawpack: Solicitor-approved Rent Increase Notice (Section 13) with expert guidance on how to complete the legal form

Published on: June 24, 2009

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Rent Increase Notice - Section 13 Notice

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Solicitor-approved rent increase notice for landlords to raise rent. Also known as a Section 13 Notice.

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