Rental supply drops 15% resulting in shortage of stock in UK PRS
In May of this year, the number of new rental properties listed by UK landlords fell by 15.4%. According to a report by crowdfunding platform Property Partner, a major factor contributing to this fall was the rush of landlords placing properties on the market in April ahead of the stamp duty changes. The shortage could force more tenants into accepting poorer quality accommodation, particularly in areas with an acute shortage of stock.
Full story available from Select Property Group: http://www.selectproperty.com/2016/06/uk-prs-experiencing-shortage-of-stock-after-rental-supply-drops-15/