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Bergason Property Services Limited - News- Flatsharing

Flatsharing `Likely To Creep Up`

Date Added 06/07/2012

Letting agents are likely to see flatshare rents increase in the forthcoming months as improvement is expected to remain stagnant in the first-time buyer market.

Director at SpareRoom Matt Hutchinson described how prices in this area of the rental sector often "creep up" rather than make a "dramatic" leap.

This is due to a lack of movement in the first-time buyer market meaning there is greater demand for rooms to let.

"People aren`t moving out of rentals and moving on and things aren`t freed up, so rooms have more of a premium," Mr Hutchinson commented.

However, it was noted that often flatshares are cheaper due to the live-in landlords not having as many large outgoings and overheads as traditional rental owners.

A recent report from revealed that flatshare rents have increased to a record high, with prices rising from £368 to £375 in May, which is a two per cent rise so far this year.
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