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Is Renting The Answer To The Property Slump?

The Royal Institution of Chartered Surveyors (RICS) has reported a sharp rise in the number of people becoming landlords or tenants. It seems as though those who are both unable to sell their properties and those who cannot afford to buy are moving into the rental market at different ends. This has actually seen rental values firm in the UK as demand continues to grow. So is the rental market the answer to short term property market woes?

It seems as though renting could well offer some short term relief for both groups mentioned above and help to steady the market by affectively taking some properties off the market and into the rental sector. The firming in rental figures should also see house prices steady at some point in the future using a basic income v investment value equation.

It will be interesting to see how this market reacts when the overall property market finally shows signs of life because many first time buyers will still be priced out of the market for many years to come. Perhaps we have found the chink of light which could save the property sector or is this just a false dawn?

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