Hammersmith, London (openPR) 8 October 2010

Winkworth last quarterly analysis of trends and prospects for sales in the UK home ownership and rental markets, the tenant records exploded in July and August, finishing 47% compared to May, and the number of potential tenants in August by 14 % over the previous year. In contrast, the number of rental units on the market in August more than 50% less than a year ago.

Agace Dominic, CEO of M Winkworth Plc said the shortage has pushed up rents:

Hire now have to raise prices due to lack of investment in the sector of private owners because of the suspension of the mortgage, to make products in the last two years and the sales process “seen randomly owner” properties. Even if the offer is to buy some, to be renewed mortgage, they stay for buyers with less than 20% more capital support and with increased investment income to a new obstacle for investment continue to supply constraints on current rents. “

National Housing Federation recently announced that the average age of a buyer for the first time rose to 43. Requirements of lenders for deposits with high spending means that fighting a growing number of first time buyers to get mortgages and then rent much longer. Consequently, the properties are not brought to market. Limited buy-to-let mortgage options are also preventing owners strengthen their portfolios of stocks and put on fresh market, while demand continues to outpace supply.

increased demand and the shortage of storage has led to a rise in rents from year to year by 5%, which is largely performed in line with inflation. But this supply and demand pressures are expected to continue, the average rent of others that we fall into is to push.

For more information, contact the press office Winkworth Bola Sodeinde on +44 (0) 208 576 5598

Notes for editors

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About Winkworth

Winkworth is a franchisor of residential real estate agencies and is listed on the London Stock Exchange. Founded in 1835 in Mayfair, Winkworth has a leading position in the middle of the upper segments of the sale of central London and residential rental markets. Overall, the company operates over 80 facilities in the United Kingdom, France and Portugal, which doubled in size in recent years.

The franchise business model allows real estate agents to provide the highest standard of service under the banner of a respected brand and the support and promotion that offers Winkworth. Franchisees provide in-depth local knowledge and a highly personalized service for their customers. For more information, visit: www.winkworthplc.com

Winkworth

quarterly analysis (Fall 2010)
Winkworth
The quarterly analysis examines trends and prospects for sales in the UK home ownership and rental markets. Data for the report is collected from a monthly survey of franchisees and are used as a guide and not as factual. Follow this link for a complete copy of the report: http://www.winkworth.co.uk/public/static/autumn-2010-market-analysis.pdf

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