Investigating what is happening seem to show that some areas and property types - as with property prices - are 'recovering' to a point where supply is just under demand, nudging prices up. As the figures reflect 'average' activity, sometimes poor performing areas dominate, so rents go down and at other times good areas perform, pushing prices upwards.
Buy to let borrowing is also improving, but tenants are still defaulting on landlords. New legislation coming in this year will add more costs to a buy to let business and legislation is almost at a level that will 'strangle' the industry and effectively cause those struggling to make BTL returns to leave the market altogether. READ MORE for the headline rental statistics.
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