Estate Agent Today reports that rents have continued to rise for a second consecutive month, whilst the number of rental properties on the market fell by a further 4.2% - the lowest figure since October 2008.
These are the findings of the of the recent FindaProperty lettings survey, which highlighted a 0.7% increase in average rents. Encouraging news indeed, but figures from ARLA’s own survey further underlined the challenge facing agents in terms of stock and instructions, with 58% of those surveyed citing insufficient supply as a concern for 2010.
ARLA’s operations manager, Ian Potter, called on the government to bolster the sector with incentives for landlords to update older properties, easier routes to mortgage finance and the much needed regulation of the lettings industry to curb the growing number of unscrupulous agents.
You can read the article in full at estateagenttoday.co.uk
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