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 belvoirprod.wpenginepowered.com/sheffield or call 0114 25 25 215. Alternatively, please email [email protected]
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 https://belvoirprod.wpenginepowered.com/landlord-information or for selling https://belvoirprod.wpenginepowered.com/property-sales-sheffield-p4147
https://belvoirprod.wpenginepowered.com/sheffield
Taken from:http://www.sheffieldtelegraph.co.uk/news/business/property-news/rents-reaching-high-levels-1-6086530
