Parents see rent pressures ease

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moving houseRent payments have recently proven to be a huge burden on the budgets of some UK families, with demand for rental properties forcing prices higher.

But now it seems some slightly more positive news could be on the horizon, as research suggests the rental market is softening to an extent.

A study released by LSL Property Services shows that rents dropped for the second month on the bounce in December, as the average payment decreased by 0.8% to £711.

This follows another marginal fall, of 0.4%, in November of last year.

People in the capital in particular may have felt slightly less strain on their wallets last month, as LSL said rents in London went down for the first time in a year.

But cash-strapped parents shouldn't celebrate just yet. Sadly, separate research from the Association of Residential Letting Agents indicates that demand for rental properties remains pretty high.

It said that in the closing quarter of last year, more than half of its members still had more tenants than available properties on their books.

Learn more about the world of housing costs and mortgages by checking out this guide.

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