Rent rises slow in October
According to a recent report from the Association of Residential Letting Agents (ARLA), fewer tenants are experiencing rent increases. The number of rent hikes reported in October fell to 25% from 32% the previous month. Demand for rental properties also fell in October – a trend typical of the time of year – with ARLA agents registering an average of 33 new tenants per branch. London however, bucked this trend with demand for housing increasing in October with an average of 42 prospective tenants registering per branch.
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