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Rental demand and rent increases fell in October.

  • Rental demand and rent increases fell in October.

    Demand for rental homes in the UK has fallen, with 69 prospective tenants registered per branch, down from 79 in September, according to figures published by ARLA Propertymark.

    The number of tenants experiencing rent increases has also fallen to its lowest level since the end of 2016, with 22% of agents reporting landlords increasing rents, down from 27% in September after reaching a high of 35% in August.

    The supply of properties available to rent in the UK also fell in October by 3.7%, according to the latest Private Rental Sector Report.

    The average letting agency managed 182 properties, down from 189 in September, the lowest figure of 2017.

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    This article was posted in Negative Equity Landlords