De­mand­drives on­go­ing rents rise

Yorkshire Post - Property - - PROPERTY -

The av­er­age price for rent­ing a house rose for the fifth con­sec­u­tive month in July in re­sponse to the short­age of prop­er­ties avail­able to let, ac­cord­ing to let­ting agent net­work LSL Prop­erty Ser­vices.

This is sup­ported by the lat­est quar­terly sur­vey from The As­so­ci­a­tion of Reg­is­tered Let­ting Agents (ARLA), which re­veals that 70 per cent of agents have more po­ten­tial ten­ants than prop­er­ties.

“We are hop­ing that this high de­mand will en­cour­age de­vel­op­ers and in­vestors to en­ter the let­tings mar­ket,” says Amy Wray, man­ag­ing di­rec­tor of Ap­ple­gate Let­tings.

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