Rental short­age con­cern in York

Yorkshire Post - Property - - PROPERTY -

York is head­ing for a ma­jor short­age of rental prop­erty ac­cord­ing to let­ting agents Letters of Dis­tinc­tion.

Di­rec­tor Scott Lit­tle­fair says: “The pri­vate rented sec­tor is con­tin­u­ing to pick up the slack from the hous­ing mar­ket but we are now head­ing to­wards a ma­jor short­age of rental prop­erty in York.

“A lot of peo­ple are choos­ing to rent while mon­i­tor­ing the hous­ing mar­ket and this means ten­ants are stay­ing much longer in prop­er­ties so there is very lit­tle new stock com­ing on to the mar­ket.”

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