Demands are increasing as we move towards the usually busy summer time for lettings. More than 3000 new people have registered in May, 2010 and now the tock stocks are more than 5600. Business applicants have gradually begun to return to property market with more budgets that is a good sign since we move towards the period of summer. The lettings group would now be jointly working with the corporate services group of Hamptons in order to increase the opportunities and make sure our offering continue to be more attractive to the corporate or business market.

Stock levels have grown slightly each month however are still forty four percent lower than this time preceding year. Therefore, the rents started to increase. This condition continues to reduce the bargaining power of the tenants who no longer have the choice to view huge collections of houses however have to make fast decisions once if they find something which is suitable.

Landowners are also profiting from the rental grows at the renewal stage. In May, 2010, forty five percent of the tenancies renewed with a raise in the rent that is five percent increased on April. The average rental increase has also slightly increased at 4.66 per cent in May of this year. The United Kingdom real estate market is moving in to a new phase following a fourteen month period of good recovery in which the prices have returned to the high levels last seen in the year 2007.More properties are now coming on the real estate market and the stock of available home has increased by thirty two percent since the beginning of the year. The suspension of home information packs has contributed to this increase in supply as the economic barrier to the ‘testing the market’ has now been eliminated.