Over third of letting agents report rent rises
Tue 28 Jul 2015
Over a third of UK letting agents saw rent increases last month, the highest recorded this year. The research carried out by the Association of Residential Letting Agents (ARLA) found that 36% of agents suryeyed said that rents had increased between May and June. A further 80% of agents predicted that private rents will continue to rise over the next five years.
However ARLA has pointed out that there are wide regional differences, with rents in Wales going up 17% compared to 48% in the East Midlands. The survey also revelaed that supply in London continues to drop, with a 12% decrease in June compared to May.
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