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LATEST NEWS & EVENTS Higher value property entering the rental market  People looking for property investment advice will find the average value of homes in the private rented sector has risen. According to research from the Association of Residential Letting Agents (Arla), there was an 11.6 per cent increase in the average capital value of rental houses in the first quarter of 2011, from £401,400 to £447,900. It follows a period of decline following the last market peak of £442,600 in 2007. Much of the growth was driven by London and south-east of England, where the average capital value rose 14.8 and 16.2 per cent respectively. The rest of the UK, however, saw values decline by an average of 5.2 per cent. Ian Potter, operations manager of Arla, commented: "We believe that this increase in the overall average capital value of rental properties has been driven by different types of home being offered to let." Research from the organisation suggests that there has been a surge in the number of family-sized homes available to rent, pulling up the average value. Arla recently reported that 71 per cent of landlords believe renting is becoming increasingly popular as buying a home becomes more difficult. Posted by Alex McLean 
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