The latest RICS UK Residential Market Survey – July 2018 released today headlines ‘Rents to continue to rise, as supply of new property to let drops again’.
The survey highlights the continued reduction of new property being put on the market in the lettings sector with 22% more respondents seeing a fall rather than rise in New Landlord Instructions. This is the eighth consecutive quarter in which this indicator has recorded a negative number.
The surevey reveals that the sales market remains broadly flat at the national level, little different from that reported in June.
Author: Allen Walkey
Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.