Demand for rental accommodation rose by 10% month on
month in September, while supply remained the same, according to the latest
ARLA Propertymark PRS report. After
several months of rising rent costs, the report reveals signs that the rental
market is moving in the right direction, marking the first month-on-month
decrease since May, when the figure also stood at 27%. Year on year however,
the number of tenants experiencing rent hikes is up; in September 2016, only 24
% agents reported this. In September, there were 79 prospective tenants
registered per member branch, up 10% from August when there was 72 per branch.
The number of properties managed per member branch remained the same in
September, at 189. Read more on the ARLA website.
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