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.”
The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.