Rental income continues to rise, despite increase in supply
THE underlying strength of the rental market has been emphasised once more by new statistics that show rental prices are continuing to rise, despite more property stock becoming available to tenants.
Rightmove’s most recent Rental Price Tracker shows asking rents outside London in the second quarter of 2017 were 2.8 per cent up on the previous quarter. While some may expect a rise in rents to be at least partially a result of low supply, the opposite was in fact true with property availability up by seven per cent in comparison with Q2 in 2016.
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