31
Jul
Rental market 'likely to remain stable'
A combination of rising demand and increased supply is likely to
keep the rental market stable in the coming months, the editor of
Landlordzone has said.
Tom Entwhistle noted that tighter mortgage lending conditions and
years of steep price rises have made it difficult for young people
to get onto the property ladder, which has pushed rental demand
up.
However, he also stated that because many homeowners are finding it
difficult to sell their property some are choosing to let it out
instead, increasing supply.
"The demand for rentals is going to be maintained but I can't see
it going through the roof and expanding too much," Mr Entwhistle
concluded.
His comments follow the release of data from Hurford Salvi Carr
that showed a 5.5 per cent rise in new lettings in the first
quarter of 2008, compared to the same period in 2007.
