Demand for property-to-let "remains strong"

Blacklight

People looking for property to rent in London may be interested to hear that demand for property-to-let is still strong in the UK.

According to the latest Royal Institution of Chartered Surveyors (RICS) Lettings Survey, more landlords are reporting an increase in their rents for the 12 months to April 2010.

Apparently flats are starting to take off again. Good news as that's pretty much all that's been built during the last decade.

Thrugelmir

Or are increasing rents a sign of the change in underlying credit conditions for landlords ?

chucky

Or are rents increasing because there is an increased demand for rental property as less people are available to get together that 25% deposit to buy...

Thrugelmir

chucky wrote: »

Or are rents increasing because there is an increased demand for rental property as less people are available to get together that 25% deposit to buy...

Maybe......

new_home_owner_3

I dont know anywhere else but where i rent my house out, there is only one other property available at the moment and its a 1 bed roomed flat.

they come on and go instantly.

I was going to sell it and i may have considered buying two cheaper houses, which would have made me more money on a monthly basis, but where my house is now, its in a sort after area, and i cant ever see me having a problem to find tenants.

headcone

In my area demand still far outstrips supply, which enables me to be very choosy about my choice of tennant.

Generali

It's always been like that in London - far easier to find a job than a home.

It's because of the Green Belt.

Emy1501

High rents would suggest less people buying BTL properties. I know 4 people trying to sell flats with no joy over the last 2-3 months. The problem for all is that people looking are looking for somewhere to live not as a BTL therefore they want a garden etc.

chucknorris

I'm thinking about 'unfreezing' the rent on my properties (in London) this summer, I will certainly be putting up the rents that I dropped

nollag2006

I never really used to put rents up for good quality sitting tenants, but I may well do this year.

With rent inflation for 2 beds in London running at 10%, and certainly rising on a similar scale in Ealing (where my own BTLs are), its probably too good an opportunity to miss:
http://www.londonpropertywatch.co.uk/s/ph?pc=LON&t=2b&c=r

This would bring the rental yield up close to 6%, on top of a YOY price increase of 10-15%.

A nice little earner....