Tenants to rush into rental property during December dip?

Now is the time to sign a contract to stay in rented property, tenants have been told, which may mean buy to let insurance customers see an increase in the number of people viewing their houses.

FindaProperty.com explained the amount landlords are charging people to stay in leased homes dropped slightly recently.

"This temporary dip in asking prices won't last long and it's a great opportunity for potential tenants to agree a rate that's favourable in comparison to the rest of the year," property analyst at the organisation Samantha Baden said.

Rents slipped by 1.5 per cent in November, with the East Midlands' private rented sector seeing a fall of 4.8 per cent.

It is normal for asking prices to fall at this time of year, with dips seen in November over the last four years, but by the start of 2012 they will start lifting again.

According to LSL Property Services, the average monthly rent charged last month fell to £717 per month.

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Posted by Royston Hunter