According to FindaProperty.com’s latest Rental Index, the rental market is dividing in two - the monthly changes in asking rents of flats and houses are starting to differ increasingly.

Nigel Lewis of Findaproperty.com, commented: ‘The consistent demand for flats is largely from those at the lower end of the sales market, who are unable to take that first step onto the property ladder, so continue to rent. While affordability for first-time buyers has improved slightly, the deposit required remains a significant sum and an obstacle for many hoping to move from the rental market.’

He went on to say that, in contrast, ‘many people renting houses have saved a deposit, riding out the recession, and are now buying, as houses have become more affordable and lenders have eased restrictions slightly’.

Andrew Sainsbury, Director at Go Property Services, commented that FindaProporperty.com’s Rental Index reflected the current lettings market in Leeds, with a higher demand currently being seen for flats, which we expect to see continue in the short term.

Click here to view full details of FindaProperty.com's Rental index

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