The Private Rented Sector cannot meet consumer demand for Rental property in the UK warns ARLA.
Demand for private rental property far outstrips demand warns a new ARLA research paper. With slack in the housing market, the rental sector is seeing high demand, with most agents finding low levels of stock across the country. In Leeds, certain markets have faired well, such as the professional rental market, however other Leeds rental markets such as the Student market and larger family homes have been fairly slow and inactive during large periods of the first half of 2010.
Greater activity in the purchase of Investment property will enable some of the demand to be filled, however ARLA warns that more needs to be done to enable the provision of finance for Buy to Let investors and property professionals. ARLA say 'Banks need to be more flexible with the provision of buy-to-let finance to help fuel the supply of quality rental property'.
Let Leeds have found that the Leeds rental market has been fierce, with Tenant enquiries far outweighing supply. The Leeds Professional rental market has seen up to 10 enquiries per property for good quality 1 and 2 bedroom flats to rent in Leeds.
Let-Leeds Landlord News, Letting Agents Leeds, 27th May 2010Back to News