Property Rent Rates Rise All Over the UK

According to a survey recently carried out by the Royal Institute of Chartered Surveyors (RICS) property rent rates have increased all over the United Kingdom in the three months to April.

The sharpest rises were registered, as usual, in London and the South East.

Estimates suggest that rent rates have increased by 40% since January 2010.

The Royal Institute of Chartered Surveyors predicts that buy to let properties will become even more expensive for tenants in the coming months. They are determined that high tenant demand coupled by low supply will result in landlords raising rates.

This view is shared by LSL Property Services experts. The company's research found out that the annual rise of rent rates amounted to 4.2% and that the prices have not peaked yet. As many as 68% of UK landlords still expect tenant demand to rise in the next 12 months, which will inevitably lead to higher profits for buy to let property owners and bigger expenses for potential tenants.