12
Jun
Rental availability 'will remain high'
The availability of rental property will stay high in the coming
months if the number of assured short-hold tenancies declines,
according to the head of sales at property portal Fish4homes.
Stewart Black said that the results from a recent Royal Institution
of Chartered Surveyors (RICS) report - which showed a sharp
increase in buyer enquiries - will have an effect on the rental
market.
Commenting on the RICS research, he said "it suggests ... that more
people would like to buy than rent".
"However, that would not necessarily mean that rental property
volumes will decline," he added.
Last month's FindaProperty.com rental index revealed that the
average rental asking price in the UK stood at £819 in
May.
This was the same figure as April and represented the first time
that asking rents had not dropped month-on-month for nearly a
year.
FindaProperty.com also indicated that the total number of available
rental properties increased by 2.7 per cent between April and
May.
