Letting agents reported a “seasonal lull” last month as
both demand and supply dropped off – but it has been called a calm before the
storm for private renters, as changes to the buy-to-let market kick in later
this year. In its December private
rental sector (PRS) report, the Association of Residential Letting Agents
(ARLA) said its agents registered an average of 29 prospective new tenants last
month, down from 34 in November. This represents a decrease of 15%. Supply also
decreased marginally in December, with an average of 182 properties managed per
branch, down from 189 in November. Read more on the Housing Excellence website.
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