10.06.2011 - UK: Tenants priced out of the housing market as rents rise
Increased tenant demand and low levels of rental property coming onto the market pushed rents higher in the three months to April, according to the latest RICS Residential Lettings Survey. The RICS said that 42 per cent more surveyors reported rents rose rather than fell in the three months to April. It added that rents in some areas have now risen so sharply that previously affordable homes are now unattainable to many, as an increasing number of renters are priced out of the market...............................................Full Article: Source
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