Rental market splits - Money - News - Moneyfacts

News

Rental market splits

Rental market splits

Category: Money

Updated: 04/08/2009
First Published: 01/05/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
There is evidence that a two-tier rental market is emerging, according to the latest research.

While houses are showing signs of recovery, with a second consecutive monthly reduction in supply in April of 1.5 per cent and rising rents for the largest properties, flats continue to suffer with a 2.8 per cent increase in supply and a month-on-month asking rent fall of -0.7 per cent, according to Findaproperty.com

Average asking rents overall fell to £819 per calendar month compared with £827 in March and £873 in April last year.

"Overall the UK rental market continues to see an increase in supply, albeit at a slower rate, combined with falling rental prices," said Andrew Smith, head of research at the property website.

"However, this disguises the true story, which is that the UK has become a tale of two very different markets."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

New Year tips to improve children’s money skills

How many have better budgeting as their New Year’s resolution? As with many things, these skills are best learned when young, so Lemonade Money has come up with some tips to help parents make their children more financially savvy.

Money worries lead to Christmas on credit

Money worries are putting Christmas at risk for up to five million Brits, with 10% saying they regularly worry about money in the lead up to Christmas, and the same proportion feeling stressed about how much they are spending.

Would you spend more for a character property?

We all have our own ideas of what makes a dream home, and for many, character features are at the top of the list. But how much more would you be willing to pay for those kinds of additions – and could they even help you save money in the future?
 
Close