ARLA reports fall in rental properties

The Association of Residential Letting Agents (ARLA) report a further drop in the number of rental properties advertised by its agents.
On average each ARLA letting agent had 172 rental properties per branch in January - 10 less than in December.

The figure is ARLA's lowest on record, though they have only been tracking it for a year.

ARLA's managing director , David Cox remarks:

“Supply of housing continues to be a problem and tenants bear the brunt of this with more people competing for properties at higher prices.”

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