Property to rent in London 'higher in demand'
The outlook for the residential rental property market has improved for the first time since the recession began, new research has revealed.
Britons who are looking for property to rent in London may want to act fast, after a survey by the Association of Residential Letting Agents (ARLA) found that in the south-east, there are more tenants than property.
A further sign that the market in this region is picking up is reflected by the fact that the average length of time a property remains empty is 3.8 weeks, compared to an average of four weeks in the rest of the UK.
Individuals looking for property to rent in London may want to step up their search to ensure that they find the home most suited to their requirements.
"This shift also indicates that confidence is rising among prospective tenants; it seems that people who delayed setting up home 12 months ago, now feel secure enough to proceed," asserted Ian Potter, operations manager of ARLA.
A recent survey by the government's Tenant Services Authority found that Britons who live in social housing are increasingly choosing to rent their home, rather than buy it.
Written by Charles Mackay
Published 28th September, 2009
© 2009 Estates IT Limited
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