Economic uncertainty 'may increase popularity of flats to rent'
Economy uncertainty means many people in the UK could still be looking for flats to rent in the London borough of Greenwich.
This is according to one expert from the National Landlords Association, who said many Brits remain unsure about what to do when it comes to housing.
Chris Norris, policy manager at the firm, said half of buy-to-let owners participating in its Landlords' Optimism Index are predicting strong rental demand among those looking for a home.
This is because they are holding off "deciding whether to continue renting or buy while current economic uncertainty continues", he explained.
However, anyone who is considering renting an abode in London may want to find a property quickly, as the index also revealed confidence among some landlords has dropped for the first time in nearly two years due to uncertainty about housing benefits and tax changes.
Last week, the Royal Institution of Chartered Surveyors revealed 26 per cent of its members have seen an increase in the number of people looking to rent accommodation.
Posted by Martyn Glynn
Published 1st September, 2010
© 2010 Estates IT Limited
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Many Brits could be considering renting a flat as they are uncertain about the economy, according to one expert.