Chartered surveyors in the UK are more confident than they have been for a while that landlord rent levels will increase in the new year, new research suggests.

According to the latest Royal Institution of Chartered Surveyors (Rics) Lettings Survey, 22 per cent more surveyors expect rents to rise - as opposed to fall - over the next three months.

This sentiment comes as Rics reports that the number of rental properties coming onto the market fell for the first time since in just under two years.

At the same time, demand for rental property appears to be rising, with 16 per cent more surveyors noting a pick-up in activity during the last quarter.

Rics spokesperson Jeremy Leaf said: "It seems the current upward trend in the housing market is having a more significant effect on the lettings market, with many of the accidental landlords returning to the sales market to take advantage of the recent price increases."

Tenants now have less bargaining power than they had earlier in 2009, he added.

The latest rental index also suggested that the average rent payments in the UK grew month-on-month in November.

Written by Sarah Field

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