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Wednesday, August 31, 2016

July lettings market rosy reports ARLA

The July data from ARLA shows their agents have an average of 184 rental properties on their books.

This figure, an increase of 5% on June, is down by 3% on July 2015 data.

The majority of ARLA agents observed that rental prices remained static, with 71% reporting no change.
ARLA's M.D, David Cox observes ( albeit through industry rose tinted glasses) : 

“Despite reports that the housing market is spiralling out of control post-Brexit, our results paint a very different picture, and indicate that the future is bright for the rental market. 

Supply is up, as we’d expect at this time of year, and the number of tenants experiencing rent hikes hasn’t changed in three months. 

While we obviously need new houses to balance the growing gap between supply and demand, what’s positive is that the situation isn’t worsening as a direct result of June’s Brexit result.”

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