Not all parts of the UK likely to see surge in rents, index reveals
A realistic approach to rents will encourage good tenants to stay or reduce the void period between tenants.
A realistic approach to rents is vital in the year ahead in the UK market as many regional locations have not recovered to the levels achieved in 2008, it is claimed.
According to the Belvoir Lettings Index, which has been running since March 2008, there is considerable variation on rent levels according to locations.
‘During 2011 there were frequent reports in the national press about the stratospheric rise of UK rents. However, although the Belvoir Index reveals rental increases in 2011 versus 2010, many regions have still not recovered to the rents achieved in 2008,’ said Belvoir managing director Dorian Gonsalves.
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