Rental supply fails to keep up with demand
Demand for rental property has hit its highest level so far this year, but supply has failed to keep up, letting agents report.
ARLA Propertymark’s July Private Rented Sector Report – based on responses from 191 members – shows that the number of new prospective tenants registered per branch increased from 71 in June to 79 in July, the highest level so far this year.
It matches the previous high reached last September.
However, the supply of available properties moved in the opposite direction to demand, falling from 191 in June to 184 last month.