RICS sees rising yields

The RICS produce some strange survey metrics resulting from asking a panel of surveyors on their opinion on a range of topics affecting the lettings market.

In their latest covering the three months to October, 15% more chartered surveyors reported rental yields rose rather than fell. This is the seventh consecutive quarter that yields have increased and reflects the imbalance between rental demand and supply which is continuing to push rents higher.

Turning to rental prices, 19% more surveyors reported rents rose rather than fell, but the pace of growth was more moderate than earlier in the year.
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