Press Releases

MARKET COMMENT - June 2010

The Royal Institute of Chartered Surveyors reported at the end of May that the lettings market had staged a revival in the first quarter of 2010, with rents increasing due to a shortage of homes.

The reported increase in rents would have been welcome news to ‘professional’ landlords, those who actively build portfolios, and those who avidly watch the market, keeping a keen eye on fundamentals such as yields and cash flow. It would also have been welcome with open arms to letting agents, whose commission values, tied directly to rental levels, increased as a result.

However, an important question remains; will the trend continue as the new coalition government begins to make 'difficult choices' and necessary cuts, inevitably impacting on the disposable incomes of the population, and with the OECD’s suggested interest rate hike to 3.5% to protect against inflation in 2011?

For further information, please contact:

Wende Heaton, Manager
Sales and Training Department, C.A.R.L. Communications Ltd
Tel: 0845 345 5591
Email: wende.heaton@carlcomms.co.uk