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Rent falls slowing

Rent falls slowing

Category: Mortgages

Updated: 26/03/2009
First Published: 26/03/2009

MONEYFACTS ARCHIVE
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A slowing in the pace at which rents are falling and the volume of stock is rising suggests a recovery in the UK rental market may be just around the corner.

Rents fell by just 0.4% in March, the lowest decline in six months, while the number of properties available to rent rose by 1.9%, the smallest increase since September last year, Findaproperty.com has said.

"Economic instability and low consumer confidence mean that it is impossible to predict what will happen to the rental market over the coming months," said Andrew Smith, head of research.

"However, we believe that there are signs that we may start to see supply levels tighten and rents begin to rise towards the end of 2009."

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