Rents are rising and we need more property for qualified tenants

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Rents are rising and we need more property for qualified tenants

Tenant demand has risen firmly over the three months to July says latest findings from Royal Institution of Chartered Surveyors (RICS). This points to the strongest quarterly pick-up in rental demand since the start of 2022. Set against this, landlord instructions declined with this mismatch between rising demand and dwindling supply, prompting a net balance of +63% of respondents expecting rental prices to increase over the coming three months. This is up from a figure of +55% in the previous quarter and marks a fresh record high.

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