UK Leasing Market Continues to Fly, Says Latest RICS Survey

RICS says tenant demand continues to rise, evidenced by a net balance of 35 percent of respondents reporting a pick-up in November. 

Concurrently, the flow of fresh supply becoming available on the rental market continues to dwindle, as a net balance of minus 27 percent of respondents highlighted a decline in landlord instructions this month. 

Consequently, what RICS calls “the ongoing misalignment between rising demand and falling supply” continues to drive rents higher. A headline net balance of 43 percent of contributors anticipate rental prices moving higher over the coming three months, although this is somewhat moderate when compared to a recent high of 66 percent back in February this year.

Back to Blog

Related Articles

Bristol's Rental Prices Surge 41% in 5 Years

In a fast-paced real estate landscape, rental prices across the UK continue to chart a...
Read More

UK Mortgage Approvals Climb Amid Growing Property Demand

The UK property market is showing encouraging signs of vitality, with average monthly mortgage...
Read More

London’s Housing Crisis: Supply Drops and Rents Increases

The latest research from the National Residential Landlords Association (NRLA) has raised a red...
Read More