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Tenant levels are at a five year high

Started by propertyfag, November 27, 2007, 09:58:44 PM

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propertyfag

... there's some great news for landlords. According to Association of Residential Letting Agents Data, tenant levels are at a five year high, driven by high(er) interest rates, a softening in the sales market and immigration. In the south-east, 57% describe seeing demand outstripping supply.

http://news.bbc.co.uk/1/hi/business/7114548.stm

Badger

I think the trend will continue to grow as well.  People are more likely to rent as a first step than to jump in with a mortgage.
I think this has to do with many things not just the financials.
People today are more independant than before, people like to rent as a couple to see if things work out before taking the mortgage plunge the list goes on

propertyfag

I agree.

Plus, more and more people are starting to scare away from the responsibility of a mortgage.

I think the future is bright for by to let investors.

Badger