Image from Google Jackets

RICS residential lettings survey Great Britain October 2006

By: Language: English Series: RICS Residential Lettings Survey Great Britain ; October 2006Publication details: London RICS 2006Subject(s): LOC classification:
  • 346.4104342 $2 18
Online resources: Summary: Instructions to let property rose at the slowest pace since the second quarter of 2005. 6% more Chartered Surveyors reported a rise than a fall in instructions to let property, compared to 13% in the previous quarter. The slowdown points to a deterioration in landlords' margins triggered by recent interest rate rises and a renewed fall in gross yields. Tenant demand for rental property remained solid this quarter, although the pace eased back compared to the previous three months. Gross yields were 4.6% percent in October compared to 4.8% a year ago.

Instructions to let property rose at the slowest pace since the second quarter of 2005. 6% more Chartered Surveyors reported a rise than a fall in instructions to let property, compared to 13% in the previous quarter. The slowdown points to a deterioration in landlords' margins triggered by recent interest rate rises and a renewed fall in gross yields. Tenant demand for rental property remained solid this quarter, although the pace eased back compared to the previous three months. Gross yields were 4.6% percent in October compared to 4.8% a year ago.