Monday, 14 February 2011

Rental market hits record demand

Rental properties are being let five days quicker compared to a year ago, according to new estate agent survey just released. Throughout the UK agents reported a significant lack of property supply with the average number of properties available to let falling by 29%.

In the last quarter of 2010 the number of new tenants registering for rental accommodation increased by 14% year on year.

The rental market hit record demand in 2010, with new tenant registering increasing dramatically in July and September 2010. The growth in the rental market has been mainly due to a large amount of professionals finding it difficult to access finance, or unable to sell their existing properties.

If you are searching for a property to rent then go to :http://www.intercounty.co.uk/

Source:Mortgage Strategy

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