Rental sector 'picking up'
Tuesday 15th September 2009The rental sector is beginning to pick up for landlords, property experts have claimed.
Property investors are now charging tenants higher rent prices and confidence within the marketplace is slowly returning, according to Property Hawk.
However, the firm has warned investors they still need to be cautious and urged them to consider measures such as insurance to protect their assets.
Chris Horne, editor of Property Hawk, explained that cutting back on insurance could prove costlier in the long-run, but on a positive note admitted that rent prices are "starting to pick up".
He commented: "Over the last six months, our research shows that rent [has] actually risen 2.2 per cent.
"Although [rent prices] have fallen over the last two years they are actually starting to rise again. That's good news for landlords."
Research from Direct Line for Business recently found that 30 per cent of landlords are concerned about not receiving rent from tenants.
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