Con­cern over lack of rental prop­erty

Yorkshire Post - Property - - PROPERTY -

The lack of avail­able rental prop­er­ties is wors­en­ing, ac­cord­ing to re­search from the As­so­ci­a­tion of Res­i­den­tial Let­tings Agents (ARLA).

Al­most three-quar­ters of ARLA mem­ber of­fices say that there are more ten­ants than avail­able prop­er­ties.

Ian Pot­ter, op­er­a­tions man­ager of ARLA, says: “The spring pe­riod would usu­ally see a rise in rental prop­er­ties com­ing on to the mar­ket, and al­though there is some ev­i­dence of land­lords con­sid­er­ing sell­ing up, it is not enough to coun­ter­act the change in sup­ply. In his Bud­get, the Chan­cel­lor did lit­tle to in­cen­tivise in­vest­ment in the Pri­vate Rented Sec­tor.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.