Tenant Demand Outweighs Instructions

News at Newton Fallowell | 13/08/2019



 

  • According to the RICS (Royal Institution of Chartered Surveyors) Residential Market Survey, tenant demand is the highest it has been since the end of 2016.
  • However, landlord instructions have fallen once again following a continuous decline since July 2016. A number of estate agents have noted landlords disposing of their properties owing to punitive regulations, with little new investment bringing fresh stock to the market.
  • The increase in demand and decrease in supply has created a rental imbalance in the residential market, suggesting rising pressure for rental value growth.
  • In July a headline net balance of 25% was reported, the most elevated reading in three years.

 

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