UK Rental Property Demand Falls To Two-Year Low

Demand for privately-rented flats and houses has fallen to a two-year low, while the supply of properties to rent has risen in fresh evidence of a slowdown in the property market. The Association of Residential Letting Agents said there were just 26 prospective tenants registered per branch in December, down from 32 the month before and the lowest figure recorded since records began in January 2015. Meanwhile renters have more properties to choose from. Arla said the number of properties on the books of the typical letting agency branch rose from 185 to 188 on the month. Rents have begun to flatten or fall in many parts of the UK, particularly London and the south. Read more o the ARLA website.