(PRWEB) July 26, 2006
The Residential Rental Price Index (RRPI) is a dynamic index of average rental property prices throughout the UK. Using the latest xml technology the RRPI works in real time as any new rental property that is advertised on the market from the Rentright Property Portal website is included instantly. Being the first in the market to offer a comprehensive index with graphical reporting, real time updates and also graphs for percentage of property types and percentage of property by size the RRPI is already leading the way.
A Rental Price Index can prove to be a valuable tool for rental property hunters when looking to move into a new area in order to organise potential budget and check on local property prices. Currently with the RRPI users have the ability to look at information down to the town level, this can then be broken down into the size of the property that they are looking to rent by bedroom number.
Overtime the RRPI will become more sophisticated and offer more detailed information and further reporting functionality with trend analysis amongst other useful reports. Further information will be made available to the letting agents and to the tenants to give the ability to refine searches and locations.
The RRPI aims to become the industry leading property rental price index tool that both professionals and property hunters will use to help with their business and rental property searching. The RRPI is available through the Rentright Website and can be found from the following link Residential Rental Price Index - RRPI