{"id":705,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/uk-rental-prices-stabilize\/"},"modified":"2017-01-30T17:20:14","modified_gmt":"2017-01-30T17:20:14","slug":"uk-rental-prices-stabilize","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/uk-rental-prices-stabilize\/","title":{"rendered":"UK Rental Prices Stabilise"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-family: Verdana; font-size: 10pt;\"><br \/>\nThe number of properties that are coming on to the UK <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\" target=\"_blank\">rental<\/a> market is slowing and rental rates also slowed their descent in the second quarter of 2009. According to the RICS Residential Lettings Survey, growth in demand for <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\" title=\"rental property\">rental property<\/a> is still increasing, but it slowed in the second quarter, and rents continued to decline but at a slower pace than previously. The survey is published by the <\/span><a href=\"http:\/\/www.rics.org\/uk\"><span style=\"font-family: Verdana; font-size: 10pt;\">Royal Institute of Chartered Surveyors, or RICS.<\/span><\/a><\/p>\n<div class=\"style47\" align=\"left\">\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">While rents continue to decline, the slower pace is leading to increased expectations by renters in the residential market. In the second quarter, 12 percent more surveyors reported a rise in new tenant lettings than a fall. That compares to the first quarter when 16 percent saw more lettings. Additionally, 6 percent more surveyors reported a rise in new instructions from landlords in the quarter, compared with a 21 percent rise in the first three months. That means that while the available properties are not increasing as much, there are still more people looking to rent, helping to stabilize prices.<\/span><\/p>\n<div><\/div>\n<\/div>\n<div class=\"style47\" align=\"left\">\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">Overall 29 percent more surveyors reported a fall in rents than a rise, compared to 55 percent for the first quarter. Along with this figure, rental expectations have improved, with a net balance of -6 percent for the quarter, compared to -25 percent. The proportion of landlords in the survey who are considering selling their property at the end of the current lease remained steady at 1.8 percent. <\/span><\/p>\n<div><\/div>\n<\/div>\n<div class=\"style47\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\"><span style=\"font-family: Verdana; font-size: 10pt;\">\u201cThe number of properties coming onto the rental market has slowed as the sales market has begun to stabilize,\u201d said Jeremy Leaf, RICS Spokesperson. \u201cThis is good news for landlords, who were coming under pressure to reduce rents as a result of oversupply. The need to respond in this way is easing and providing the housing market holds firm, the outlook for the rental market should continue to improve.&#8221;<br \/>\n<\/span><\/span><\/div>\n<p class=\"style47\" style=\"margin-top: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">\u00a9 <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/category\/news\/\"><span style=\"font-family: Verdana; font-size: 10pt;\">Housing Market News<\/span><\/a><span style=\"font-family: Verdana; font-size: 10pt;\"> by The\u00a0House Shop<\/span><\/p>\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><strong style=\"font-family: Verdana; font-size: 10pt;\">Our Top House Sale Searches<\/strong><\/p>\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=124&amp;search=London&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">Houses for sale London<\/span><\/a><\/p>\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=335&amp;search=Birmingham%2C+West+Midlands&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">Property for sale Birmingham<\/span><\/a><\/p>\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=58&amp;search=Bristol&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">Property for sale Bristol<\/span><\/a><\/p>\n<p class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=146&amp;search=Liverpool%2C+Mersyside&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">Property for sale Liverpool<\/span><\/a><\/p>\n<p class=\"style47\" style=\"margin-top: 0px;\" align=\"left\"><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=6511&amp;search=Manchester%2C+Greater+Manchester&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">Houses for sale Manchester<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of properties that are coming on to the UK rental market is slowing and rental rates also slowed their descent in the second quarter of 2009. According to the RICS Residential Lettings Survey, growth in demand for rental<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/uk-rental-prices-stabilize\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":9910,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16,9],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2015\/08\/Rental-Prices-Stabilise.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/uk_rental_prices_stabilise","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/705"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=705"}],"version-history":[{"count":7,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/705\/revisions"}],"predecessor-version":[{"id":9912,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/705\/revisions\/9912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/9910"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=705"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}