Plummeting Lettings Supply Means Higher Rents For London Tenants

The number of available properties to rent is falling at an alarming rate, particularly in Greater London, according to property platform Home. It says this is bad news for tenants, who are facing higher rents and stiff competition to secure the best homes. Rents have already risen by 4.0 per cent in the Greater London area over the last 12 months. The number of available homes to rent in Greater London that have been on the market for 20 weeks or less plummeted by 24 per cent over the last year, from 52,388 in August 2017 to 39,746 in August this year. Read more on the Lettings Agent Today website.

https://www.lettingagenttoday.co.uk/breaking-news/2018/9/higher-rents-for-london-tenants-as-lettings-supply-plummets-24