Lull before 2019 storm for tenants, warns ARLA
It’s the lull before the storm for private tenants according to the Association of Residential Lettings Agents.
In its market snapshot looking at November, ARLA says the number of tenants experiencing rent increases fell for the third month running.
Some 21 per cent of agents reporting that landlords increased rents, compared to 24 per cent in October and 31 per cent in September.
However, year on year the number of tenants experiencing rent rises is up from 16 per cent in November 2017.
The supply of properties available to rent fell to 183 in November, from 198 in October.
This is the lowest level seen since April, when supply stood at 179 and is down four per cent year on year.
Demand from prospective tenants decreased in November, with the number of house-hunters registered per branch dropping to 55 on average, compared to 71 in October.