Letting Houses In The Uk

The housing market in the UK is one of the most active in Europe

, both for those living within and looking to move, or those entering from foreign countries. However, the cost of getting a foot on the property ladder is also extremely high, which leads many people to letting houses in the UK, rather than purchasing a property outright.

Whether you are looking to rent out your property, or you are searching for somewhere new to live, it is worth considering how the market is currently before committing to a new destination. For most people, commitments do mean that they are restricted to a certain district; however, for those able to look further afield, there are plenty of bargains to be discovered.

Letting houses in the UKAverage rental prices for houses in the UK

England does have a reputation for being an expensive place to live, and that isnt unfounded. For example, in southern England, average rental costs in Plymouth are 590 per month, compared to 650 for Bristol and 650 for Birmingham. Further north again, and average rental prices for Estate agents Manchester are 890, whereas Newcastle is 450. Perhaps not particularly surprising, average monthly rental costs in London are 3,283, although these figures do include all areas, so some districts will hike up the average by some way. With regards to Wales, and the average rental cost in the capital Letting agents London is in the region of 770, whilst Swansea is 870. Moving north of the border to Scotland, and the capital, Glasgow has an average figure of 780. Aberdeen and Edinburgh are 1,185 and 950 respectively.

So, what do these figures actually show a potential buyer? The most important Letting agents Newcastle to consider is the sheer variety in these rental figures. Although these are a ball park figure, incorporating averages for all rental properties (so this would include a five bedroom house or a studio apartment, for example) it can give some indication of where the best deals are. Again, it is worth remembering that different districts within one town or city can also have varying rental costs, so it definitely pays to do some research into these figures.

When searching for a new property, many people will understandably focus on a small catchment area due to work or family commitments. However, for those looking to drive a hard bargain, keeping your options open and considering a different area of the UK could end up saving you a significant amount of money, and is definitely something which should be considering when looking for a move. A surprising number of people are now upping sticks and moving to a new city because of living costs, and its easy to see why.

by: James Eardley

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