Pressure in the private rental sector has increased,
according to the Association of Residential Lettings Agents, with demand on the
up, rents rising, and the number of properties to let down to its lowest level
this year. The number of properties available for tenants decreased in May,
falling 7% from April, with just 179 properties managed per ARLA branch,
according to the organisation’s latest private rental sector report. The report
found that London – known for its booming rental culture – has the least amount
of rental properties per branch, with only 134 managed in May, compared to 273
properties per branch in Scotland. While the overall availability of rental
properties decreased, demand remained the same. Read more on the Housing
Excellence website.
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