UK Leasing Market Continues to Fly, Says Latest RICS Survey

Published by Keith Egan on Nov 15, 2022

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.

Topics:

UK Property, Real Estate Market, Market Trends, Rents

Written by Connect on LinkedIn

Keith Egan

Keith Egan has spent 30+ years in senior real estate roles across the UK, Dubai and the MENA region. As Director and Co-Founder of Magnate Group, he leads Magnate Assets focused on UK residential investment, lead generation and digital marketing and the Magnate Investments Division, Magnate's development finance and structured investment arm. Keith specialises in connecting landowners, developers and investors with regulated, technology-driven funding structures and fractional ownership solutions, bridging institutional-grade UK real estate with a wider pool of domestic and international capital.