Rents look set to continue increasing this year, according to Property Hawk, which could be good news for people with buy to let insurance.
Recently, the Royal Institution of Chartered Surveyors found that average rents rose at a rapid pace in the three months to the end of January 2011, boosted by dwindling supply and strong tenant demand.
Some 40 per cent more chartered surveyors reported rising rents during this period, the highest positive reading in the survey's history.
Chris Horne, editor at PropetryHawk, said people with buy to let insurance have used the relative low interest rates as an opportunity to expand their portfolios.
"I would agree that rents certainly won't be falling any time soon and, potentially, in areas of high demand like London and the south-east in particular, they will continue to rise," he added. |
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