Dec 10
5
UK property market likely to be fairly stable in 2011
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Published by Property Wire
on Thursday, 02 December 2010
on Thursday, 02 December 2010
Next year is likely to be more of the same for the UK real estate private lettings market with tenant demand remaining high, it is claimed.
The autumn has seen demand from tenants increase by 32% compared to the same period last year with rental stock, on the other hand, down by 12% over the same period, according to Caroline Kavanagh, group lettings director of Badger Holdings Group, parent company to Townends Estate Agent.
The record levels of demand are being driven by the large number of people either priced or consciously opting out of the sales market and deciding that renting, rather than buying a property, is their best option for the time being, she believes.
