Rate of increase in Rent for Properties
The current year has seen another wave of rise in rents of
the property across UK including England and Wales. The recent increase in the property
rents is the first spell of rising rents since November 2011. The highest
increase has seen in the London City that amounted to 7.1 percent followed by
Wales being 5.0 percent and the least being 4.1 percent in the East Midlands
region.
Properties’ Influence
on Business
This increase in the properties across UK has influenced the
business of rental properties to a very high extent. Leeds city has also been a
part of the affected cities where the price hike has played its role. This
impact has made it difficult to find an appropriate and reasonable cheap accommodation for students in Leeds. Making or
becoming suitable for a country or city according to circumstances really a big
one task which is the main part of performance in every students life and
he/she must have to do for the purpose of higher education so attaining an
accommodation remain ahead for serving. Many property agents are here to
provide something suitable to them to meet their needs. Oasis Properties is also
one of them, team of their property management brings modification and
alteration ideas and make changes of internal representations in order to
accommodate students well in Leeds.
Experts’ Opinion
about the Relation of Property and Business
According to the property experts in the town, the rents are
at the ever-increasing position across the country since the business of
properties has taken an appropriate position in business field. The rents
prevailing currently in the market are higher than the rents that had been in
last year during the same season but the pays are stagnant or growing at the
slowest pace ever since in recent times. There are certain specific regions in
the town that are suffering from this problem the most, such as Wales.
Observational Data
from 2008 - 2012
Since the year 2008, the amount of rental properties with
the landlords have been increasing continuously and the rent has been rising
through the time at a very high rate. Yes this ratio is not going to stop or
down in even 2013, most of the people are seems claiming about this increase
and many of them are going to bear in the next interval of the year. Increase
in Property taxes every year is also
a factor of this increasing rate in rent.
Continues Demand for
Rental Properties Has Also Causing the Increase in Rent
Despite the increase in the rental properties, the demand
for the properties has been continuously increasing and the number of available accommodations is still not
appropriate according to the requirement of the market. The requirement of new
buildings is still intact and the demand for the rental properties is
increasing at a steady speed. The demand yet has to see a decline despite the
growing rent prices. Migration of the people especially students and workers
from different cities to the main cities are causing a problem of accommodation; so many new people are facing a problem
to get a good and suitable.
Consequences On Rents
And Properties
The Rental phenomenon that follows and caused by different
aspects has a great influence on the overall society. The news reports that
people have not yet been able to own a property for their own self; this has
been resultantly over burdening the rental property
business as well as economy and population of related city. Rent Ratio has
been growing up and above the prices prevailing in the market ever since this
price hike has started. The complete strain of this property price increase has
affected the rental property industry overall and resultantly; the rents for
even second-class properties are
increasing at a very high pace. The demand for the rental property is
increasing continuously and the landlords are adding up into their properties that are set for renting out.
This process has made it even difficult for the tenants to find appropriate
rental property at the reasonable prices and resultantly the tenants looking
for somewhere to live have faced the deficit of the accommodation.
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