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RICS residential lettings survey Great Britain third quarter 2007 [electronic resource]

By: Language: English Series: RICS Residential Lettings Survey Great Britain ; Third Quarter 2007 Publication details: 2007Subject(s): LOC classification:
  • 346.4104342 $2 18
Online resources: Summary: Finds that rental growth continued to rise as a subdued housing market reduced the impetus for first-time buyers. 20% more Chartered Surveyors reported a rise than a fall in tenant lettings, down from 28.5% in the previous quarter, and 25.2% more reported a rise than a fall in demand - down from 36.9% in the previous quarter. New landlord instructions dropped below the long run average of 16%. More landlords seem to be dropping out of the market as rising interest rates take effect. The percentage selling their properties upon the expiration of tenant lease rose from 6.1% to 6.5%.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 141769-1001

Finds that rental growth continued to rise as a subdued housing market reduced the impetus for first-time buyers. 20% more Chartered Surveyors reported a rise than a fall in tenant lettings, down from 28.5% in the previous quarter, and 25.2% more reported a rise than a fall in demand - down from 36.9% in the previous quarter. New landlord instructions dropped below the long run average of 16%. More landlords seem to be dropping out of the market as rising interest rates take effect. The percentage selling their properties upon the expiration of tenant lease rose from 6.1% to 6.5%.