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Rents Reaching High Levels

Private rents have reached their second highest levels since 2008 as activity returns to the sector, a major lettings network has reported.

Private rents have reached their second highest levels since 2008 as activity returns to the sector, a major lettings network has reported.

The Sheffield Telegraph reported that at £743 on average, monthly rents in August were just £1 less than an all-time high recorded in October 2012. The pace of rent increases stepped up to 0.7% month-on-month in August, following a 0.2% monthly uplift in July. Rents are 1.3% higher across England and Walesthan a year ago, although the increase is still less than half the rate of consumer priceindex (CPI) inflation at 2.7%.

The majority of potential first-time buyers in Britain would have lower monthly mortgage repayments compared with renting – except in London, the South East and Scotland, says a report. Across Britain, mortgage payments for those with a 20% deposit for a home are around £127 cheaper a month than renting, Santander Mortgages found.

Whether you are seeking to rent or buy a house, flat, apartment, or city loft in Sheffield then Belvoir! Sheffield can help.

Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages.

Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.

For more information, please visit www.belvoir.co.uk/sheffield or call 0114 25 25 215. Alternatively, please email sheffield@belvoirlettings.com

For the most uptodate information relevant to landlords, vendors, and buyers of owner occupied and But to let property inSheffield ensure you follow Belvoir! Sheffield on either Facebook at http://www.facebook.com/belvoirsheffield, Twitter at http://www.twitter.com/BelvoirSheffield (@BelvoirSheff) or visit our website at http://www.belvoir.co.uk/landlord-information or for selling http://www.belvoir.co.uk/property-sales-sheffield-p4147

http://www.belvoir.co.uk/sheffield
Taken from:http://www.sheffieldtelegraph.co.uk/news/business/property-news/rents-reaching-high-levels-1-6086530

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