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

London Rents Rise Up 5% in a Single Month and 23% Higher Than Last Year

New figures today from London agency Foxtons show that the average rent in February 2023 rose five...
Read More

Supply Shortage and High Demand in the Prime London Rental Market

Rents are still rising rapidly in the prime areas of London due to a shortage of homes available to...
Read More

Growing Pressures on Buy-to-Let Landlords in the UK

With mortgage borrowing rates soaring, buy-to-let landlords are facing growing pressures to...
Read More