UK Property to see Growth in Buy to Let Sector - News
While opinions on whether UK house prices will fall or rise in 2011 are almost as divided as who or what created the universe, there is a consensus on growth in the rental sector.
According to UK-based letting agency, Belvoir, the rents will increase this year due to the Government’s Comprehensive Spending Review (CSR) will continue to make a difference and impact the private rental sector.
The monthly rental index shows that last year, in 2010, rent rates increased steadily by 3-5 percent. As of December of last year, the average rent for the UK was £703.
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