Rental Demand Hits 2018 High As Supply Dwindles

The number of tenants looking for new homes increased to the highest level seen since September 2017, according to the latest PRS report from ARLA Propertymark. The number of new prospective tenants registered per letting agent branch increased from 71 in June to 79 in July. Year on year, demand is up 13% while the supply of available properties moved in the opposite direction, falling from 191 in June to 184. In June, the number of tenants experiencing rent hikes increased to 35%, but this dropped slightly in July, to 31%. Read more on the Property Reporter website.

http://www.propertyreporter.co.uk/property/rental-demand-hits-2018-high-as-supply-dwindles-arla.html