Concern over lack of rental 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.”