Rental market recovery?
Rental market recovery?
- 2004
- FPD Savills Research August 2004 (2) .
The latest statistics from FPDSavills show that there is clear evidence that a recovery in the rental market is at last underway and that rents are slowly creeping up again. Factors centre around the first time buyer. They are holding off jumping onto the property ladder due to rising interest rates and uncertainty about the future for house prices. This means that many are choosing to stay in rented accommodation - which is not a bad short-term option. In central London, for example, it can be up to 30% cheaper to rent than buy, with a potential saving of up to £5 000 per annum. http://www.fpdsavills.co.uk/research.asp
BUY-TO-LET
RENTAL MARKET
HOUSE BUYING
RENTED HOUSING
PROPERTY FINANCE
FIRST-TIME BUYERS
The latest statistics from FPDSavills show that there is clear evidence that a recovery in the rental market is at last underway and that rents are slowly creeping up again. Factors centre around the first time buyer. They are holding off jumping onto the property ladder due to rising interest rates and uncertainty about the future for house prices. This means that many are choosing to stay in rented accommodation - which is not a bad short-term option. In central London, for example, it can be up to 30% cheaper to rent than buy, with a potential saving of up to £5 000 per annum. http://www.fpdsavills.co.uk/research.asp
BUY-TO-LET
RENTAL MARKET
HOUSE BUYING
RENTED HOUSING
PROPERTY FINANCE
FIRST-TIME BUYERS