Rent availability falls
The amount of property available to rent has fallen this month by 6.2%, the main cause for the drop is due to the record number of university students starting. New graduates needing accommodation whilst at university were finding that the number of let properties which are available to rent where dropping and that the average time for a let property on the market fell from 66 days to just 59. This increase in demand saw the amount of flats available drop by 7% while houses saw a 4.7% decline.
Considering this fall in availability for let property the average monthly rental remained at £829 a month, this being due to the circumstances of a majority of the tenants either being students or those moving into their first house unable to afford the cost of buying a new house.
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September 28th 2009
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- Proposed new tax returns for landlords
- Norwich fire tenants homeless
- The celebrity landlord
- Chaos drills through landlords head
- Landlord exposes nephew to monoxide emissions
- Lodgers on the up, helping hand to landlord insurance industry
- The eco-landlord
- Student renters under attack
- Sydney's vacant office-to-let
- Added protection for tenants against unstable landlords
- Rigsby-style boiler maintenance
- Not so handy Chinese takeaway