Tenants face an “acceleration” in rent increases over the
next five years as a result of the demand for private rented housing
outstripping supply. The Royal Institution for Chartered Surveyors (RICS) warns
that, in the lettings market, the latest set of results – which form a part of
non-seasonally adjusted series – are indicative of demand from prospective
tenants rising firmly for an eighth month in a row. That’s a net balance of
+22%. Alongside this, RICS says landlord instructions remain in decline. Read
more on 24housing.
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