Increased tenant demand being fuelled by �Rent to Move�

With the stagnant Sales Market for property, homeowners who are unable to sell their property, are fuelling the property market, by renting out their property until a suitable buyer comes along.

So says property expert John Hard Hard who is one of the directors of a British Property services group, in arecent interview with Mortgage Introducer’ he explained why the trend was becoming more popular with owners of property

He said: "Feedback from our offices shows that lots of unsuccessful sellers have chosen to 'let-to-move', tempted by the prospect of a quicker return on investment by letting out their property. "Interestingly, some sellers may also be looking to 'rent-to-move' whilst they wait for both a realistic offer on their unsuitable property and their ideal home to come along at the right price."

In a recent report compiled by Hards’ company, suggested that landlord and lettings agents were able to much more selective in the tenants chosen for properties, with on average five potential tenants applying for the same property.

Aboutproperty.co.uk recent report, says that this represents a 15 per cent year-on-year increase in demand for rental properties throughout the second quarter of 2011.

The statistics suggest that vacancies for rental accommodation are snapped up after a record average of 13.3 days because of the ever-increasing demand. Bristol letting agents would concur with these finding, property to rent in Bristol, especially flats to rent in Bristol are becoming increasingly expensive.