Over a third of residential landlords are planning to increase rents in 2012 with 24% intending to raise them by more than 3% according to a recent survey.
The survey also revealed that the average UK rent for a double room in shared accommodation, with bills included, rose by 6% in Q4 2012 up to £112 per week, an increase from the average of £106 the previous year.
Despite these proposed increases the survey shows that 64% of landlords have no intention of increasing rents in 2013 as they conceded that that keeping good, reliable tenants in their properties is more important than making a few hundred pounds extra profit a year.
If you are an existing landlord or potentially a first time landlord get in touch with Belvoir Sheffield today to take advantage of our vast expertise and experience to ensure you are getting the best advice.
Contact us today on 08452 60 40 90. or email us at sheffield@belvoirlettings.com
Source: http://bit.ly/16Aj9q
