Rent Prices Rising 2018
To begin, rent prices rising is on the cards for 2018.
At least that is the prediction.
Forecasts for the months ahead have been provided by companies like NAEA Propertymark and ARLA Propertymark.
As a result, agents will be affected by the rental market with the 0% fee structure being imposed.
The Property Investor Today website suggests such claims.
Rent Price Rising Predictions
Consequently, the rise of rent has an effect on the property market.
What kind of effects might this prediction cause?
First of all, David Cox, chief executive of ARLA Propertymark reckons this will have a positive effect on the rental market through planned, government regulations.
Which regulations? One being control of the rental market through estate agents.
Analysts believe that this will make the rental market stronger and more professional.
For first time buyers, there may be a positive outcome.
Due to these regulations, there might be stamp duty relief for first time buyers as well.
Ultimately, there is no certainty of how the rise of rent will affect the UK property market in 2018.
In conclusion, there are predictions that the rent prices will rise in 2018 making the rental market stronger and more professional.
How will this affect landlords, agents and tenants?
We will have to wait and see how this all pans out.
More statistics can be found on the Property Investor Toady website regarding this topic.
Check out our other Property Finance News posts: