Thursday, 17 October 2019

Tenants Face Rent Increase ‘Acceleration’ As PRS Demand Outstrips Supply


Tenants face an “acceleration” in rent increases over the next five years as a result of the demand for private rented housing outstripping supply. The Royal Institution for Chartered Surveyors (RICS) warns that, in the lettings market, the latest set of results – which form a part of non-seasonally adjusted series – are indicative of demand from prospective tenants rising firmly for an eighth month in a row. That’s a net balance of +22%. Alongside this, RICS says landlord instructions remain in decline. Read more on 24housing.

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