14/08/2008 Time to Rent?

Difficulties in securing mortgages have led to unprecedented levels of homes on the market, with a ratio of 15 properties to every buyer, according to Rightmove

The property website's latest price index found that a record one million are currently available, with average asking prices having fallen by 1.2 per cent.

This has led to a large number of people not able to get onto the property market. As a consequence property lettings have increased dramatically. Dixon Webb’s Property management team has noticed this first hand.

Property Manager Richard Goudie said “We have noticed a sharp increase in enquires over the last two months and we have successfully re-let properties for a number of our clients across the Northwest”.