The level of supply in the private rental sector is increasing, according to the Association of Residential Letting Agents’ latest quarterly report.
Data from ARLA reveals a boost in the average number of buy-to-let properties managed by the association’s members. There was an increase of almost 10% from 135 properties to 148 properties over the last three months.
ARLA believes the amount of landlords increasing their investment in buy-to-let properties is the factor behind the increase in supply in the private rental sector.
However, consumers still face massive competition for rental property, with 65% of ARLA agents saying there were more would-be tenants than properties available on their books. This figure is down from 68% from last quarter.
This figure can only shrink further if more property is available to rent. The rental market is booming and a regular property supply and responsible landlords can maintain its strength.
For more information click on the link below:
Neil background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.
Read the statement on COVID19 from Assetgrove and how we will be contiuning to help landlords and tenants.
Landlords are being warned about discriminating against benefit claimants after legal victories by two women.
ARLA Propertymark is calling for government action to stem an increase in landlords turning to Airbnb-style short-term lets.
