Rents start rising again as demand outstrips supply

Article Type: Newsbriefs From: Structural Survey, Volume 28, Issue 5

Keywords: Homes, Letting, Trends

A lack of supply is pushing rents higher signalling a revival in the lettings market, says RICS’s latest lettings survey. The net balance of chartered surveyors reporting rising rather than falling rents rose from zero to 30 per cent. Surveyors are optimistic that rents will continue to rise with the rental expectations net balance climbing to 36 per cent – the highest figure recorded in the survey’s history.