Landlords improving their properties?
Those looking for property to rent in Bethnal Green, flats to rent in Shoreditch or houses in other parts of the UK may be set to benefit from an improved choice of residences, it would seem.
Andrew Leech, director of the National Home Improvement Council, has speculated that Landlords may be spending more money on making their properties more attractive to would-be renters.
His comments come after Sainsbury's Home Insurance released a survey showing that spending on property structural changes is set to grow £5,369 year-on-year over the next 12 months.
Whereas the average sum spent on such projects last year by British households was £17,361, the research indicated that the average home is set to shell out £22,730 on structural development in the coming year.
Mr Leech commented: "I wonder if this [reported figure] also includes private Landlords who are doing extensions on the back of rented properties to get a bit more room and a bit more space so they can charge more rent."
Written by Ben Carter
Published 19th August, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Renting is an aspiration, says minister
A government has claimed "well-off" people living in London and the south-east should be aspiring to living in a rented home rather than buying their own.
Read Article ... Published on 17th March, 2010
House price increase lowest ever recorded in March
House prices in the UK have risen by 0.1 per cent during March, according to new research.
Read Article ... Published on 17th March, 2010
Deposits 'goalposts' are shifting further away from first-time buyers
The spiralling cost of deposits for first-time buyers is making it far harder to get on to the property ladder.
Read Article ... Published on 16th March, 2010
New £200 million Tower Hamlets development agreed
A planning application for redevelopment of part of London's east end was approved by local authorities.
Read Article ... Published on 16th March, 2010
Award-winning office development to bring prosperity to Southwark
An office complex, soon to be occupied by one of London's big accountancy firms, has won high praise for its sustainability.
Read Article ... Published on 16th March, 2010
Fewer first-time buyers getting on to property ladder despite Treasury proposals
First-time buyers are said to be finding it harder to get on to the property market despite government attempts to make it more affordable to buy.
Read Article ... Published on 15th March, 2010
Multi-billion pound London development good for local tenants
Anyone looking for property to rent in the London borough of Camden will be very interested in new developments around the area.
Read Article ... Published on 15th March, 2010
Is first-time buyer market losing out?
The middle to high end of the property market is currently doing better than the first-time buyer market, it has been revealed.
Read Article ... Published on 12th March, 2010
Bad weather 'may push up insurance rates'
UK insurers have forked out millions of pounds in recent months to cover the damaged caused by what is now known to have been the coldest UK winter in three decades.
Read Article ... Published on 12th March, 2010
Majority of young families 'cannot afford London home'
The majority of couples - 90 per cent - aged under 40 and with young children are unable to take their first steps on the property ladder if they live in London, new figures have found.
Read Article ... Published on 11th March, 2010
