The rental market in the UK demonstriruet high activity

The largest British company specializing in the rental market, conducted a joint study. The activity of the market rent of residential property in the UK increased by 22 per cent and the number of proposals in the rental market increases due to the availability of mortgages.

The number of new tenants grows by 22% every year in the UK and 20% in London, these are the latest figures of the main brands, representing the rental market in the UK.

The figures also showed that the demand for rental grew by 17% annually and in the United Kingdom and 5% in London, so the number of potential buyers becoming tenants, priced out of the market sales.

The number of new real estate available for rent , is growing at 29% annually and increased by 4% in June compared to the previous month, as the market comes more new owners. In London the amount offered for lease increased by 13%, or slightly more than 1% per month.

Published interesting figures: the number of applications for mortgage loans – buy to lease, grew by 29% over the year and in June 2013, the number was 50% more than in June 2011.

The average cost for the rental of residential property in the UK is £706 a month, and in London £1374 per month, respectively.

The rental market residential real estate in the country continues to show good activity, the number of tenants in June 2013 rose by a quarter compared to last year.

Homeowners are realizing that nowadays, in the conditions when mortgage rates are falling, and the number of attractive and diverse mortgage products is increasing, the market is inevitable tough competitive environment, trying to find reliable tenants for the long term.

However, homeowners should not worry about easy your property – the demand for rental is growing steadily, and is still a very large number of families in the UK can’t afford to buy your own home.

® Alice Morgan G. 19.07.2013