• From The BBC:

    Tenants’ bargaining power has weakened as fewer properties are coming onto the rental market, say surveyors.The falling cost of renting slowed in the three months to July, according to a survey by the Royal Institution of Chartered Surveyors (Rics). Homeowners who need to move are seizing the opportunity to sell in a more stable market, rather than letting properties as reluctant landlords. This means tenants have less opportunity to haggle on price. However, Simon Rubinsohn, chief economist at Rics, said that tenants were still in a “relatively strong” position compared with two years ago. SurveyFewer surveyors reported falls rather than increases in rent in the latest Rics survey, compared with the same poll three months earlier. While they believe that rents are likely to continue to fall in the next three months, this would be at a slower rate than previously. This offered more options for homeowners, according to Chris Norris, of the National Landlords Association. “People who may…

    Click to read the full article »

    Posted by Jon @ 12:35 am

Leave a Reply

Your email address will not be published. Required fields are marked *