Private Rental Market In Good Shape Post-Brexit

The private rental market is in good shape following June's Brexit result, with the number of properties available to rent at its highest level this year, according to the Association of Residential Letting Agents (ARLA). According to the organisation's July private rental sector (PRS) report, the number of rental properties on letting agents’ books was 184 in July. This is the highest number seen so far in 2016 and up 5% from June. This presents a “positive picture for prospective tenants post-Brexit” the organisation said. However, year-on-year supply is down, it added. In July 2015, the number of properties letting agents had registered reached an annual high of 189 – 3% higher than this year. Download the report from the ARLA website.