Levenshulme and Burnage Property News
Rents rise in all UK regions
All regions in the UK saw an annual increase in monthly rent in July. The South West experienced the biggest increase (12.9%), followed by Wales (11.8%) and the East Midlands (10.8%).
According to the RICS residential survey, tenant demand rose for a fifth straight quarter, with a current net balance of +52% of respondents reporting an increase in demand.
Landlord instructions remain in decline, with a net balance of -20%, the fourth consecutive quarter with a negative reading.
The imbalance between supply and demand has put upward pressure on prices and rents are expected to increase by 3% over the next year. Source: Dataloft, HomeLet, RICS
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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