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As the price for a piece of property in London continues to increase, which makes it extremely difficult for people to locate homes that are within their price range, the cost to rent a property in London, has actually decreased. The cost for residential rents within London has fallen since the last recording was made, during the middle of 2012. The latest numbers received from the rental index, reveals that London has experienced a ten percent decline, when it comes to rentals. However, while London is seeing a decrease in rents, the south-east has seen an impressive increase in the prices being asked for to rent out a piece of property. The rental index that was reported by Move With Us was compiled along with an economist of the London Schools, and shows a decrease has occurred within the second half of 2012, regarding the prices for rent in the area. This decrease has continued throughout 2013. According to the index, London rental prices decreased by 4.9 percent during the third quarter of 2012. They continued to decrease even further by 2.22 percent within the fourth quarter. While the decrease that is being experienced, regarding rental prices within London is not largely significant, there is a decrease that is present. During the first quarter of 2013, the rents decreased by an additional 1.69 percent and then an additional decrease was seen of 0.85 percent within the second quarter. However, although prices are slowly declining in London, regarding rent, the prices are not showing the same down curve within the south-east. In fact, rents within the south-east have seen an increase of £30 over the second quarter of the year. The increase has put the average rent within the area to £1,147 per month. Even though the south-east region did see a slight decrease in the amounts being asked for regarding rent, during the month of April, they then rose again by 2.71 percent during the ending portion of the quarter. Even the Greater London area has experienced a slight decrease when it comes to the amounts being asked for in rents. While the area still outperforms the entire UK, when it comes to the asking prices for rents, as a whole the average amounts being asked for rent have fell by 0.85 percent, during the second quarter of this present year. This means that rents have fallen by ten percent compared to the prices that they were listed at, during the 2012 time period. The continued declines for the London rental prices is quickly showing that renting is becoming a more viable option than attempting to purchase a piece of residential property. As the asking prices throughout the capital are continuing to soar, and properties are selling at a quicker rate than national averages, limiting the supply of homes, it is nice to know that renting is becoming a viable option for individuals, needing a place to stay. It is probable that renting a piece of property within the city is going to allow individuals to be able to get more money, in comparison to selling. Visit http://www.cashforlondonhomes.com/
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