Rental costs rising faster than house prices

According to the Royal Institution of Chartered Surveyor, we could see rental prices soar in the UK in the next 5 years. The sharp rise in price is blamed on the changes to tax and stamp duty which are negatively affecting the buy-to-let sector.

It has also been reported that house prices continued to increase across the UK in January, and this pattern is expected to affect most parts of the UK in 2017, with the exception of London.

The Royal Institution of Chartered Surveyors also addressed the properties for sale across the UK were close to historic lows, but the demand from homebuyers is expected to rise in the year ahead.

Hans Nieuwkerk

Residential Manager