Findaproperty.com’s rental price index for April 2010 has shown that rents have risen by 2.7% over the first four month to April. This is assigned to a continuing fall in supply of rental properties, now down 16% from January.

This has led to rental yields increasing from 4.45% to 4.45% since the beginning of the year. Over the year from April 2009, rental values are now deemed to be 0.9% higher.

“The start of 2010 has been a strong period for the rental market. … The reason for this is consistent month on month falls in the number of properties available to rent.. Nigel Lewis, property analyst at FindaProperty.com

“But the future of the rental market depends completely on how the sales market reacts post election.”

This rise in rents has been seen for both Houses and Flats, however there are regional variations with some areas fairly static, for example South West and Wales.

For more information visit:
http://www.findaproperty.com/media/rental-index/FindaProperty_Rental_Index_Apr_10.pdf

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