Landlord rent levels have been a popular topic of conversation among industry experts in recent weeks - now, the editor at landlord advice website Property Hawk has added his opinion.

Chris Horne acknowledged that rents have dropped in recent months, with metropolitan regions in the UK particularly affected.

Areas which have seen an oversupply in lettings property are now witnessing lower rents, he suggested.

"Because of the credit crunch and the problems with the job market in the city, there are certain areas within central London that have seen their rents hit quite significantly,"Mr Horne explained.

The property website editor's comments follow the release of the Gumtree Rental Index, which found that average rental prices in the UK in the first quarter of 2009 were 2.2 per cent lower than the previous three-month period.

However, Mr Horne predicted that rents will remain stable as their will be demand for lettings from would-be first-time buyers, who are unable to afford a mortgage deposit.
ADNFCR-2002-ID-19093918-ADNFCR

Related posts:

  1. Landlord rent figures released
  2. Landlord-tenancy relationships ‘changing’
  3. Rics comments on landlord rent
  4. Landlords ‘should benefit from rate reductions’
  5. Rents ‘beginning to stabilise’

Leave a Reply

You must be logged in to post a comment.

HOME