Rental prices are expected to rise

The number of available let properties next year is expected to cause the average rental prices to rise, according to recent figures released by the Royal Institution of Chartered Surveyors (RICS). The figures show the number of available let properties in 2010 is expected to drop, which would cause the UK's average rental prices to rise.

The reason behind the lack of rental properties comes from a pick up in the housing market as the number of people purchasing houses rises the number of 'accidental landlords' will fall, resulting in less properties up for rent.

The rise in the monthly rental amount does not only come as good news for landlords but it also shows good signs for the housing market. This boost in the housing market has caused 22% more surveyors to believe that rents will rise at the start of the New Year.

News brought to you by Insure My Let property providing landlords with a tailor made let property insurance policy with a price best suited to you.

December 23^rd 2009

• FSA announce new proposal for landlords
• Landlords registration system
• Landlords must be cautious
• Landlords see high returns
• Are landlords free from the recession
• Who wants to be a landlord
• North Lincolnshire tenants questioned over landlords
• Landlords may face difficult times
• Yet another reason to be a landlord
• National Landlords Association conference is one not to be missed
• Gas appliances must be serviced regularly