Rents are likely to go up, is the message from the Royal Institution of Chartered Surveyors. Remember the rise of the accidental landlord... the frustrated vendors left high and dry by a dead property market and forced to let their homes?
Now - apparently - they've all rushed to sell while the market's revived. The net effect... that surplus of privately rented property has dried up into something like a shortage, and so rents are likely to go up in 2010.
Will it affect Moray ? I don't think so.... RICS tend to base their figures toward the Southern England and London housing markets. So all you tenants can sit back and relax - hopefully.
On average in Moray you should be paying :
1 Bed Flat - £350.00 - £400.00pcm
2 Bed Flat - £450.00 - £500.00pcm
2 Bed House - £475.00 - £525.00pcm
3 Bed House - £525.00 - £595.00pcm
4 Bed House - £595.00 - £695.00pcm
You'll pay more in Elgin than you would in Forres and Lossiemouth, expect to pay slightly more for new builds and recently refurbished properties.
Overall the rental market here is bouyant and still good value.
Rest easy,
Mr Jackson.
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