Recent customer leasing forecast finds that 60 percent tenants suppose to be paying more for their rented place in last 12 months,which is greater than 53% a year ago. In real estate London market where the demand of rental properties is deteriorating to keep speed with high requirements from tenants,the expectation of upwards rental strain is greater among them. These increased rental prices affects severely to every individual,latest report of Plaza Estate firm suggest that 66 percent of tenants in London and 62 percent in the South East paid more rentals accommodation as compared to last year.This report is probably to be frightening for tenants in these areas who are already sense the clutch on individual incomes.
The survey reveals that 31 percent of tenants in the South East and 29 percent in London are certainly spending 50 percent of their income on ‘take-home’ pay on rent, which is above the national average of 26 percent.
Director and housing market analyst of Plaza estates said:
“The view of lots of tenants across the state is that rental prices will always been increasing at rapid rate. London and investors belt of the South East have the utmost percentage of respondents expecting higher rents,signifying that these markets depends on risk of ‘over-heating’ and requires a further development from Landlords.”
Plaza Estates firm in London found that the rental properties are less expensive in the North-West part of London.You can take help of Plaza Estate website properties for sale in nw1 to find the affordable accommodation in this area.