Day 21: Average rents across the UK increased by 1.4% in the year to November, down from 2.3% a year ago.
However, according to ARLA, 59% of lettings agents expect rental prices will rise in 2018, as a shortage of stock and greater demand place upward pressure on prices. In addition 70% of lettings agents believe that the ban of letting agent fees will contribute to growth in rents as costs are transferred.
Waterfords are on hand over the Christmas period to help with any questions that our tenants or landlords may have. Alternitively why not find out how much your home could achieve in the lettings market in the new year?
Call 01252 235348 to find out more or click here to book an appointment to find out how much your property is worth.