Wednesday 29 June 2011

Rental market surges as buyers still face finance hurdles

Countrywide’s latest report reveals the rental sector is surging ahead, while potential buyers continue to be hampered by mortgage affordability and unrealistic house price expectations.

Figures from Countrywide show the number of new tenants’ registering for rental accommodation increased by a hefty 20% in May, a 28% increase compared to May 2010. Homeowners considering placing property on the rental market also showed a significant increase, up 15.5% from April to May.

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