Property News

Flat Share Rents Come Down

Em Morley - December 7, 2012
Flat Share Rents Come Down

Flat Share Rents Come Down

 

New research from Easyroommate has indicated a drop in flat share rents for the first time in 2012.

Their research suggests that the average flat sharer in the UK pays £375 per month, compared to £380 in the summer. However, average rent has risen by 2% since the start of 2012, and has increased by 4% in the last 12 months.[1]

Director of Easyroommate, Jonathan Moore, observed: “With rents in the remainder of the private rental sector continuing to rise and the economy still in the early recovery stages, more and more people are choosing to flat share.”

Moore continued by saying: “At Easyroommate we have witnessed a gradual but marked increase in the number of people using our services since the beginning of the year. The number is continuing to grow even after the peak student period has come to an end.

‘The flat sharing industry is extremely consistent, as the private rental sector reports more and more increases to the average rent. Flat sharing asking prices change on average every three months.

“This stability is beneficial to tenants as it lessens concerns about rental hikes, and it means that flat sharing is consistently the most cost-effective option for both students, professionals and those searching for cheaper accommodation alternatives.”[1]

[1] http://www.landlordtoday.co.uk/news_features/Flatshare-costs-come-down-as-tenants-struggle-with-costs