Rent Prices Highest for Three Years

Summary


STRONG tenant demand and falling housing supplies have pushed up rental prices in the region to their highest level in almost three years.

The Royal Institution of Chartered Surveyors (RICS) said 35% more North-east surveyors reported a rise in rents than a fall in the three months to January.

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Extract


Rent Prices Highest for Three Years

The resulting balance of +35 was the highest survey reading since April 2008.

A balance of 11% ...

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