Rental prices rise despite recession
Tenants are paying more for their rented property even in spite of problems in the wider economy, it has emerged.Endsleigh
has found that rent increases
remain above the rate of inflation in many areas across the UK.
London, however, is by far the most expensive area to rent in, as it costs around double the average rental price per month compared to other parts of the country.
In Scotland, tenants can expect to pay just £299
per month to rent a property, which is around half the national average.
Carlos Thompson, Endsleigh's
head of business development, commented: "The increase in cost of renting across the UK shows that despite the recession the lettings
market has remained strong, which is great news for landlords and letting agents."
He added that even though the study shows a surge in rent increases
, two-thirds of landlords are not expecting to put up their rents this year.
- 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: July 7, 2011
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