Thursday, July 7, 2011

Renters See Prices Skyrocket

After the recession period of low rental prices and desperate landlords, the rental market is improving strongly. During the past twelve months the average rental rate for homes and apartments has increased by 6.7%. The studio apartment market is particularly strong with a 14.3% increase and this is mainly because vacancies are down by nearly 2% across the board. The signs in the rental market are so encouraging that developers are starting to plan new apartment buildings due to be finished in 2013.

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