Friday, 28 October 2016

Rental Supply At 18-Month High

The supply of rental property has reached an 18-month high, according to the Association of Residential Letting Agents (ARLA), but demand has also risen. In its September private rental sector report, ARLA found that letting agents managed on average 193 properties per branch. This is up from 183 in August and the highest level seen since April 2015 when there were also 193 rental properties registered per branch. Demand for rental properties also rose in September, with 40 prospective tenants registering interest per letting agent branch, compared to 37 in August. Read more on Housing Excellence.

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