April Sees Rents Soar
May 20th, 2011
April saw average property rentals payments rise in England and Wales to a record breaking £692 per month. LSL property services have reported a rental increase of almost 1% on March’s figures and an increase of around 4.5% on the same time last year. In monetary terms this means landlords are charging almost £30 each month more than they were last year.
As the availability of local social housing is contracting due to government spending cuts in the social housing budgets, the market for good quality private rental accommodation is expanding to fill the gap. This expansion is fantastic news for the first time landlord looking to get into the rental market, with interest rates and property prices at an all time low there has never been a better time to utilise your savings or equity in an existing property to boost your income. With up to a 15% return on your investment Happy Homes Investments can help you get your savings working for you again.
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