All Time Low In Supply Of Rental Properties
Wednesday 21st July, 2010
A new study has provided further evidence that there is a shortage of supply of rental accommodation across the UK.
Almost three quarters (70 per cent) of ARLA member offices say that there are more tenants than available properties. This is an increase from 59 per cent last quarter and 24 per cent in September 2009.
The situation is particularly relevant in the South East, where 76 per cent of member offices report more tenants than properties.
Looking forward, landlords expect tenant demand to strengthen considerably. Over a third of landlords (35%) expect demand to be higher in 12 months’ time, with 8% forecasting a decline.
If you are a Landlord and are looking for a Property Management Company or Letting Agents in Southampton then please get in touch.
