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RICS: Residential rents rise as demand outstrips supply

Posted on 02 December 2010

From Europe-re.com: Falling supply of new property to the rental market coupled with increased demand led to a rise in rents in the three months to the end of October, says the latest RICS Residential Lettings Survey published today (December 1, 2010).
39% more surveyors reported seeing an increase in rents over the three-month period, than a fall (up from 27%). The net balance reading is now at its highest level since Q2 2007 as increasing numbers turn to the rented sector. Many are seeking to rent rather than buy due to difficulty in securing mortgage finance and the high deposits required by lenders……………………………………….Full Article: Source


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