Too few homes avail­able to rent

Yorkshire Post - Property - - PROPERTY -

THE As­so­ci­a­tion of Res­i­den­tial Let­ting Agen­cies (ALRA) has warned that too few good qual­ity prop­er­ties are strain­ing the UK rental mar­ket to the limit, with sup­ply fail­ing to match de­mand.

Ac­cord­ing to ARLA, dur­ing the sec­ond quar­ter of this year 74 per cent of mem­bers re­ported that there were more prospec­tive ten­ants than prop­er­ties avail­able – a fig­ure that jumps to 82 per cent in cen­tral Lon­don.

By com­par­i­son, just two years ago 10 per cent of mem­bers (8 per cent in cen­tral Lon­don) re­ported an un­der­sup­ply of rental homes.

ARLA op­er­a­tions man­ager Ian Pot­ter said: “The Gov­ern­ment needs to look se­ri­ously at ways of in­cen­tivis­ing in­vest­ment into the pri­vate rented sec­tor to in­crease the num­ber of prop­er­ties.”

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