The Association of Residential Letting Agents has put together a brief summary of the 2018 rental market.
In figures, the supply of rental accommodation dropped slightly in 2018, from 189 on average per ARLA branch in 2017, to 187 this year.
It reached an annual high in October, when letting agents were managing 198 per branch.
In line with this, as landlords continued to face legislative change, the number of buy to let investors selling their properties increased from an average of three in 2017 to four in 2018.
In April and May this year, the figure spiked to five per branch – the highest since records began in 2015.
Meanwhile the number of tenants experiencing rent hikes also increased this year, to 25 per cent each month in 2017, to 28 per cent on average this year.
Agents reported a spike in the number of prospective tenants searching for homes in July, when 79 were recorded per branch, compared to 68 on average across the year.
A survey has revealed that 44% of landlords are looking to...
A BBC investigation suggests some agents may be mis-selling deposit alternative...
/BorisJohnson-4-400x310.jpg)
A new survey is a warning the government that it must...
One of the leading deposit alternative services has called for a...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment