Rents rose by 2.3% in the first quarter of 2010 to £839 pcm. Property portal FindaProperty.com found this increase in rental growths, which is now 3 months in a row.
With rents now an average of £19 per month higher for Q1, they are 1.9% higher compared to last year.
It seems that a majority of locations have seen rises; the highest is Yorkshire which went up by 3.4% to £553 per month.
The rise in rental prices may be directly linked to the fall in the number of property investments lets available on the market. This, with increased demands for rental properties, means that property investors all over the UK are now seeing growths in rental values.
London has also seen decent growths…
Rents have risen by 2.6% to £1,729 which is £44 pcm more than in Q1. Compared to 2009, London investments saw a rise of 6.4% even though the number of rental properties fell by 4%.
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About Me
- Sam Henshaw
- London, United Kingdom
- I have been successfully building my property portfolio for the last 10 years since leaving university and am currently advising new property developers on how to make their first investment a success by holding property investment course for the general public.
Courses in property management can cost thousands of pounds and at the end of it you may decide that property development isn't for you.
I take part in taster sessions to enable you to decide if property is the right investment for you BEFORE putting any money down.
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