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Rentright Property Portal Comments on Residential Rental Price Index for the UK Property Market - With more people now renting property there is a need for a high quality residential rental price index (RRPI). The RRPI gives the tenant the ability to view market trends and average rental prices of property throughout the UK
Rentright Property Portal Comments on Residential Rental Price Index for the UK Property Market

 

NewswireToday - /newswire/ - Milton Keynes, Bucks, United Kingdom, 2006/07/30 - With more people now renting property there is a need for a high quality residential rental price index (RRPI). The RRPI gives the tenant the ability to view market trends and average rental prices of property throughout the UK.

   
 
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The residential sales market has the house price index which provides a guideline of property sales prices for people looking to buy property. With more and more people now renting property there is no market leading guide to view current market trends and rental values of property.

The RRPI has been developed in order to fill a gap in the market and give the consumer the ability to review the advertised prices of rental property from thousands of property advertised by letting agents throughout the UK. The user can view price trends and drill down to view the average rental value for not only a town area but also to specific property sizes. This not only gives the tenant consumer the informed idea of rental prices in areas they are looking to rent but also can be used by potential landlords who may be looking for buy to let property.

The RRPI currently uses data from thousands of rental property advertised across the Rentright® website. Using the latest xml technology the charts are updated in real time as a property is modified or added to the database ensuring that the figures are kept accurate. Overtime the RRPI will become more sophisticated and provide further filtering facilities to give an even more accurate price guide to the user. More functions will also be available for the registered letting agents of the Rentright® site with drill downs to postcode area and street locations.

Periodically reports will be drawn from the data to review trends and analysis, providing a detailed overview of the market conditions, types of property most commonly available, most expensive areas in the country, cheapest areas in the country and much, much more. The RRPI (rentright.co.uk) aims to become the market leading residential rental price index that consumers and industry professionals use to review the property rental market.

 
 
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Written by / Agency / Source: Rentright UK

 
 

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Rentright Property Portal Comments on Residential Rental Price Index for the UK Property Market

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Publisher Contact: Chris Courtis - Rentright.co.uk 
+44(0)87 0766 9056 info[.]rentright.co.uk
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Rentright UK securities in any jurisdiction including any other companies listed or named in this release.

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