Demand outstripping supply in Private Rented Sector
Rents across the UK have continued to rise during July according to the latest report from Homelet. The rise is a continuation of a trend seen throughout the first half of the year. Despite these increases the rate of rental growth is slowing as we enter the second half of the year.
The data suggests that the fundamental forces in the PRS remain unchanged. The rowing UK population, difficulties experienced in purchasing a property and the lack of new homes being built combined with a reduction in social housing lead to the conclusion that the private rented sector will continue to be an important source of homes for the foreseeable future.
Full story available from Property Reporter: http://www.propertyreporter.co.uk/landlords/demand-continues-to-outstrip-supply-in-prs.html