 | BizKnowledge: Hesitant homebuyers drive up rentals |
 Anonymous writes "Hesitant homebuyers drive up rentals
Demand for rented property in the last quarter was at its strongest since January 2004, according to the Royal Institution of Chartered Surveyors.
Around 23 per cent more surveyors had seen a rise in people wanting to rent during the three months to the end of October.
The RICS report claims that the rise was driven by a surge in activity in London and the southeast, and by an improvement in the labour market. It was also affected- by the decision of many potential homebuyers to “take a ‘wait and see’ approach to the housing market”.
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Hesitant homebuyers drive up rentals"
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