Friday, 25 April 2014

Rental prices set to ‘cool down'

The supply of private rented homes is likely to increase in 2013 according to a new forecast from property search specialist Rightmove.

A survey of 2,394 private landlords found that 17 per cent intended to buy additional properties this year, with just 7 per cent looking for a quick sale, while 12 per cent of ‘accidental’ landlords (owner-occupiers who end up letting properties as a result of changing circumstances) are looking to buy another home (see graph).

The increase in supply is likely to have ‘a cooling effect’ on rental prices, according to Rightmove.

Miles Shipside, housing market analyst at Rightmove, said: ‘A marketplace where landlords are achieving satisfactory returns will relieve some of the supply pressure in 2012, though the task seems to be falling on the comparatively rag-tag army of private landlords rather than more strategic institutional investment.’

Rental graph

Newsletter Sign-up

More Newsletters

Related

Articles

Resources

  • The apprentice

    17/01/2014

    Faced with thousands of pounds of debt and uncertain job prospects, school leavers are increasingly taking up apprenticeships as an alternative to university. Gwen Smith meets apprentice turned housing officer Jordan McKenna to discover the benefits of learning on the job

  • Nowhere to call home

    12/07/2013

    Scrapping planning rules gives councils carte blanche to evict Gypsies and Travellers, says Marc Willers, barrister at Garden Court Chambers

  • Global reach

    09/08/2013

    Off on holiday this summer? Perhaps you’d prefer to spend a longer stint abroad? Here, Caroline Thorpe speaks to housing professionals based overseas about how their UK experience has gone down among employers on the other side of the world

  • Rights law is an asset

    26/04/2013

    Without article 8, those in bedroom tax disputes will have an uphill struggle, says Giles Peaker, solicitor at Anthony Gold

  • Better together

    14 November 2013

    By working with a social enterprise to bring 15,000 homes back into use, Leeds Council proved that a collaborative approach is best. John Statham reports