RICS Says, Tenant Demand Set To Soar! PDF Print E-mail
Blog and News - Landlords
Written by John Angeletta   
Tuesday, 25 May 2010 17:01
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RICS Says, Tenant Demand Set To Soar!

New figures released by the Royal Institution of Chartered Surveyors (RICS) indicate that UK landlords are likely to see rental demand seriously increase as supply of new properties falls for a second quarter. 

The survey found that almost 1:4 chartered surveyors report a drop in the number of new landlord instructions received for this period, indicating that tenant demand will increase to unprecedented levels, with first time buyers making up a significant part of the demand as they are unable to get a foot on the property ladder.

What We Say ~ First Time Buyers can buy a Below Market Value property for a fraction of the deposit normally required for Estate Agents listed property.  A typical 2-bed terrace valued at £100,000, purchased at £75,000 (25%BMV) requires only a £7,500 deposit and interest only mortgage monthly payments of £394 (7%APR).

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