Expert's opinions on housing market 'may encourage people to rent flats'
One expert's comments regarding the news from Nationwide that house prices increased by 0.1 per cent in June may encourage more people to look for flats to rent in London.
Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, said the current trend seems to indicate that new buyer enquiries are being outstripped by fresh supply on to the housing market.
Similarly, mortgage finance is still being "heavily rationed" and this is causing consumer confidence to slip, especially following the recent Budget announcement delivered by chancellor George Osborne.
"The more important issue for the market is whether this is accompanied by a pick-up in transaction activity," Mr Rubinsohn continued.
He also commented that the decision by the coalition government to abolish home information packs "is likely to encourage an increase in new instructions to Estate Agents".
At the end of last week, Tom Entwistle, director of LandlordZONE.co.uk, said the Budget had been kind to property investors, while also introducing landlord-friendly measures.
By Martyn Glynn
Published 30th June, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
An expert has discussed why fresh supply on to the housing market is being outstripped by new buyer enquiries.