Tenant demand for homes is on the rise - Maras
Demand from tenants rose in Britain while the supply of rental properties dropped by 8 per cent between December and January, the latest survey of letting agents shows.
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Tenant demand for homes is on the rise

Demand from tenants rose in Britain while the supply of rental properties dropped by 8 per cent between December and January, the latest survey of letting agents shows.
Rent rises also increased in frequency in 2018, according to the private rented sector report from the Association of Residential Letting Agents (ARLA).There were 184 rental properties per member agent in January 2018, down from 200 in December.
The last time supply reached a level this low was October 2017, when it stood at 182.
The research also indicates that the gulf between supply and demand widened in January with more would-be tenants coming onto the market.
On average, letting agents registered 70 prospective renters per branch in January, compared to just 59 in December.
The year began with 19 per cent of tenants seeing rent increases in January compared to 16 per cent the previous month.
However, the report explains that while this may appear bleak for tenants, it is actually down year-on-year.
In January 2017 some 23 per cent of tenants had their rents increased and 30 per cent were subject to rent rises in January 2016.
David Cox, ARLA chief executive, said: “This month’s results indicate that renters are in for a rough ride in 2018.
“Housing stock is falling as rising taxes continue to force established landlords out of the market and deter entry into the sector and the volume of renters is increasing as the cost of buying a home is moving further out of reach for many.
“The fact that one in five tenants are experiencing rent increases is just another blow.”
Richard Truman, Head of Operations at Maras Simple, added:  “Ultimately, until investment becomes more attractive for prospective landlords, it’s likely that tenants will feel the pain of increased competition. Letting agents will be in the middle of that equation, trying to keep the balance and match the right properties to the right tenants.”

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