RICS Members Achieve Record Rents

Members of the Royal Institution of Chartered Surveyors (RICS) report that they have achieved a record high in rents.

40% reported a rise rather than a fall in rents in Q4, the highest positive reading in the survey’s history. RICS attributes the result to a combination of a falling supply of rental stock and strong tenant demand. 32% more reported a rise rather than a fall in demand, as prospective home owners continue to struggle to secure a mortgage.

In terms of supply, 4% more surveyors reported decreases, with the percentage of stock from private landlords having fallen from over 80% before 2009 to around 70%. Nevertheless, RICS members believe that the market will remain buoyant, with 37% more predicting rents will rise rather than fall over the three months to April 2011.

<--- return to news section

Profit Now From The UK Lettings Boom!

Don't delay, call us now on 01722 414 300 or for further info please register here

Alternatively, get started today with our unique business start-up packages - available from only £279.95 (inc. VAT), a fraction of what you will make from your first let property alone!

To order and get started today please click here

Need a professional website for your new letting agency? For further info please click here

Referral Scheme Pack

Discover how to set up and operate a successful landlords referral scheme in your own agency.

To find out more about this great additional letting agency training product please click here

4 Everything Property.com

4EverythingProperty.com is the UK portal for property agency and property industry service providers.

To find out more or list your company today please click here