Massive increase in properties for rent in April
After a record number of properties bought in March to beat the increase in stamp duty cost introduced in April, their have been a large increase of 11.%% for properties for rent listed on Rightmove.
82% of places in the UK have seen the number of properties up for rent increase.
However many landlords may take some time to renovate their newly-acquired houses, before offering them for rent.
“Some landlords might want to do up their properties – such as getting the painters in, or installing a new kitchen – so there may be a delay,” said Richard Donnell from the property website Hometrack.
“However, over the next one or two months, a reasonable slug of these properties will come on the market.”
Increase in listings of properties for rent April to March 2016
Newport Wales 27%