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UK rental property market ‘more stable’ in 2013

Posted on 20 December 2012

The UK rental property market is set for a ‘more stable’ year in 2013, one agency predicts. ‘The high demand and lack of stock which, over the past 18 months, has forced rapid rent rises in the areas within which we operate, ranging from between 10% and 30%, were simply not sustainable,’ comments Caroline Kavanagh, Managing Director of Townends.
‘Rents now appear to have peaked for the time being as a steadier number of instructions make tenants feel more inclined to consider the options out there, although this has left some landlords’ rental expectations for continual rises in the New Year, a little out of kilter………………………………………..Full Article: Source


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