Landlords Warn Of ‘Sharp Drop’ In Private Rental Supply

Landlords are warning of a crisis in the private rental market, as new figures show a sharp drop in supply over the last year. According to the latest Residential Market Survey by the Royal Institution for Chartered Surveyors, last month saw a net balance of minus 29% of surveyors reporting a fall in landlord instructions – twice the negative rating in November 2018. With tenant demand continuing to increase, RICS predicts that this will lead to rent increases of around 2% over the next year and around 3% a year over the next five years. Read more on 24housing.

https://www.24housing.co.uk/news/landlords-warn-of-sharp-drop-in-private-rental-supply/