Landlords 'can be bullish with rent'

Landlords can afford to be more 'bullish' with rent pricing in the current market due to more favourable conditions.

That is the opinion of email4property.co.uk, which has urged people unsure whether to stay in the rental market to hold tight.

The online estate agent network noted that there has been a 50 per cent rise in the number of people looking to rent houses since summer last year.

Due to this, competition among landlords is dropping and they are able to charge higher rent prices, providing they offer good services.

Steven Lees, head of marketing for email4property.co.uk, explained that conditions "have now finally tipped in favour" of property investors.

He said: "Those looking to remain in the lettings market and even those entering now, perhaps having picked up a bargain property, will find a far more favourable environment than any time over the past year.

“Continuing to let the property may well be the best option for many in the current market."

The average property in the UK now costs £155,968 to buy, according to recent Land Registry figures.

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