Property News · October 17, 2016

Property rentals to outstrip sales for first time since 1930s


Low supply and rising prices leads to more new lets than purchases, says estate agencyThe property rental market is booming at the expense of the sales market, making it look as if house-buying will be outstripped for the first time in eight decades next year, as home-buyers face a continued struggle to find properties they can afford.Activity in the sales market has cooled since June’s Brexit vote and a lack of property for sale combined with rising prices are set to lead to more new lets than purchases, the UK’s largest estate agency chain, Countrywide, said. Continue reading…

Source : theguardian.com
Read more…Property rentals to outstrip sales for first time since 1930s

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