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The average rent of a family home in the UK now £876 a month, which sees an increase of 1.9% in the second quarter of this year

Guaranteed Rent is a great way to take advantage of the strong letting market without having to handle the headaches. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

The average rent of a family home in the UK now £876 a month, which sees an increase of 1.9% in the second quarter of this year.

This shows that rents are now 4.4% higher than they were this time last a year, according to the report carried out by FindaProperty.

In London rental prices in the second quarter of the year went up by only 0.6%, suggesting the rental boom in that area is slowing down. The average monthly asking price for a rental property in London is currently £1,979.

The report says that there was also a 10% rise in supply between March and June.

Des Simmons, Managing Director of Bournecoast said, “The resurgence of the rental market over the past two years has been dominated by flats. However, over the last few months houses are now seeing rental prices on the increase.

“This shows that renting is increasingly popular and sometimes even necessary across all types of property.

He added, “The result is that investment property yields are producing better returns than many other forms of investments, making it an increasingly attractive prospect for those who can afford to invest. Recent intelligence shows that a third of landlords have been able to increase the rents they charge on their portfolios. This, in conjunction with increased tenant demand and the fact that a high proportion of professionals are estimated to be in rented properties for a decade before they are able to buy, means the situation for landlords is likely to improve even further”.

From: http://www.financial-news.co.uk/3104/2011/08/rent-continuing-to-increase-for-family-homes/

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