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One In Four Tenants Choose Rental Property After Just One Viewing

One In Four Tenants Choose Rental Property After Just One Viewing

One In Four Tenants Choose Rental Property After Just One Viewing

A new survey conducted by a leading UK finance company has discovered that over 25% of tenants decided on their rental property home after just a single viewing.

Less than half of the people polled said they viewed their property twice before deciding on it.

33% of tenants who agreed to be surveyed revealed that they spent less than 30 minutes in the rental property before they decided to rent it.

Ian Williams from Ocean Finance stated: “Maybe after waiting several years for the financial crisis to end and the housing market to take off again, most people know exactly what they are looking for. But it’s quite shocking that so many people spend less time on choosing their new home than they would watching EastEnders or Coronation Street.” 

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UK Rental Market Remains Healthy Despite PRS Rent Falls

UK Rental Market Remains Healthy Despite PRS Rent Falls

UK Rental Market Remains Healthy Despite PRS Rent Falls

Rental price increases in many UK regions have slowed according to the latest data gathered by the latest Buy-To-Let Index conducted by LSL Property Services group.

The data showed that UK PRS rents increased by 1.5% in the 12 months to December 2013, less than half the 3.2% growth observed in 2012 and on the whole, UK PRS rents fell by 1% in December 2013, (around £8), reducing the average private rental sector rent to £745 (GBP) per calendar month.

The largest drop in PRS rental prices was observed in the South East, with rents down 2% since November 2013, rents also fell 1.9% in both London and Wales.

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