Rental properties up 10% annually – Experian
The volume of properties put up for rent increased every quarter in 2011 with Q3 seeing the most significant increase of 14.5%, research has shown.
According to Experian, 58,000 properties were marketed to rent in 2011 compared to 2010. By contrast, the number of properties for sale dropped by 12,000 in 2011.
Experian said a number of seasonal trends were prevalent in both the rental and re-sale markets with December the least popular time to market a property and the summer months the most common.
May was the busiest month for resale properties added to the market whilst August was most active for rentals, which Experian said could be attributed to students preparing for a new term at university.
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