High stamp duties for the buy-to-let sector has provoked
a pessimistic outlook among lettings agents, a survey suggests, with many
predicting a fall in properties to rent over the next five years. In its latest Private Rental Sector Report, the
Association of Residential Letting Agents (ARLA) found that 40% of its member
letting agents expected to see supply decrease – the highest rate this year.
Meanwhile, tenants experiencing rent increases continue to fall, with less than
one quarter (23%) of letting agents reporting rent increases for tenants in
November, down from 25% in October – and the lowest this year, according to the
report. Demand for rental properties increased marginally in November,
alongside supply of available housing – likely a result of tenants preparing
themselves to find new rental properties in the New Year. Read more on the
Housing Excellence website.
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