publication date: Mar 23, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
House Rental Prices
For many tenants who would probably prefer to be buying a property if they could, the rental market is starting to make life quite difficult. Huge rises in the number of people looking to rent due to buyers' lack of confidence and inability to secure mortgages, means lots of competition when hunting for a rental property.
The FindaProperty Rental Index for Q4 suggested a massive rise in rents, particularly in London where Ealing recorded the highest rises - a staggering 18% to nearly £2,000 a month. As a tenant, make sure you have all your paperwork and deposit ready, but be warned, don't let this highly competitive market make you 'jump' at the first opportunity.
READ MORE for Kate's full rental market update and analysis.
Tenant rental guide - what should you never rent a home without?
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