February 14, 2017

Rents will rise faster than house prices over next 5 years

Taken from The Independent, we’re pleased to share with you a very positive Buy to Let article published 9th Feb.

“Rents are expected to rise faster than house prices over the next five years as landlords scale back the number of properties on their books, according to a survey.

The Royal Institution of Chartered Surveyors (Rics) said rental prices are predicted to outpace house price inflation, as an imbalance between supply and demand squeezes rents higher.

RICS found a net balance of 28 per cent more surveyors feel landlords are likely to decrease rather than increase their portfolios over the next 12 months.

This could push rents higher as tenants would be competing for fewer rental properties.

The survey was conducted before the release of the Government’s white paper this week, which contained plans to boost the rental sector, including making it easier for developers to offer affordable private rental homes and offering renters more long-term “family friendly” tenancies.”

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