10% fall in UK house prices for 2010 predicted

With the UK property market beginning to pick up again, property rentals will soon tighten up and
extortionate amounts will be requested no more for monthly rent. The average price of houses having
tumbled over the past 2 years, is set to fall slightly further in 2010 analysts predict. With the
general consensus reckoning another 10% fall across the board for UK house prices. So all going well,
and with no shocks to the UK economy, house sales should pick up. Meaning less demand for rental
properties, and lower monthly rent values that landlords can command.

All in all I reckon letting agents, as well as private landlords won’t be able to have the luxury of
such high budgets to advertise their properties, given the decrease in monthly income coming in. The
fall in monthly rent likely to be in line with the decrease in property valuation, of 10%.

I reckon companies like Flat Rent Edinburgh will be popping up across the UK. They seem to be taking a fresh approach to the property rental market and offering both letting agents and private landlords a cheap and affordable way to list their property for let, to a captive online audience. At present their allowing private landlords to submit each property for only £4.99 until let! How long this will last for, I can’t say, not long though is my guess!

Owned by Skyline Property Group, www.flatrentedinburgh.co.uk also offer rental advice for tenants. I would imagine this particularly effective in a cultural city such as Edinburgh, with so potential tenants coming from abroad. I guess why they also offer the ability to translate their entire site into multiple languages at the click of 1 button. A very nice feature indeed. Long may sites popping up like this one continue. And with analysts predicting that interest rates set to stay low in the UK for several years to come, the letting market will remain vibrant enough, but without the sharp increase in
monthly rent being commanded by landlords that we’ve seen in 2009 in the UK.