Thursday, October 1, 2020
Landlords

Property rental market reaches plateau, says a new report

The property rental market outside London has seen little or no change in activity since March, says a new report.

The Association of Residential Letting Agents – ARLA Propertymark – says the supply of rented homes across the UK reached a plateau in April, but dropped by one third in the capital city.

David Cox, ARLA Propertymark chief executive, said: “It’s likely we’re seeing the rest of the rental market outside of the capital plateau as a result of the general election, with renters potentially holding back on their property searches until after June 8.

“It’s important that housing is at the top of the new government’s agenda, as we have had two elections and a referendum in the last three years which is stalling the policy process, meaning we do not have the right houses available to provide the homes people need.”

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