Arla survey reveals increase in rents
Published: 10-Mar-2008
This article was brought to you by Rentman the premium property management system
Landlords have seen rents edge up in recent months, according to the latest quarterly Arla Members Survey of the Buy-to-Let Sector.
The survey, which was published today (Monday, March 10th), revealed that in the three months to the end of February average rents for houses increased by an average of four per cent.
During the same period, flats in the private rented sector saw their rents increase by two per cent.
However, rents in the south-east decreased slightly, with those for houses falling by two per cent.
Ian Potter, head of operations for Arla, maintained that the figures indicated the start of a new cycle in the housing market.
He commented: "We are seeing the beginning of the inevitable. Whenever property prices soften or fall, rental demand, rents and yields all increase.
"As we begin a year of uncertainty in the sales market, it is inevitable that our member letting agents should report that they have more tenants than properties available for them."
Buy letting agent software that works
