A shortfall of properties to match demand from tenants - causing a rise in the cost of renting - is striking in its consistency, surveyors say.
The Royal Institution of Chartered Surveyors said the proportion of its members reporting growth in demand was at a five-month high in March.Simon Rubinsohn, chief economist at Rics, said the rental sector was constrained by a lack of homes. Surveyors reported that tax and regulations were leading many landlords to consider whether to continue or sell up.
Although the imbalance between demand and supply - particularly for family homes - was pushing up the cost of renting, there were also warnings that tenants already faced financial strain from rising bills and prices. After months of searching, the family had to move out of their home earlier this month. But they hadn't found somewhere new, so they had to move back in with their families - which means Emily and her partner staying under different roofs.The family now have one goal: "To find a two-bed house, because then it'll have enough space for us three."The sales market was reported to be much calmer, with a lack of activity proving to be the key issue, according to RICS.
That’ll be the effect of the government making it much less profitable for private landlords, thousands of whom have sold up in response to tax and other changes to their business.
Good. Left-wing liberals / pseudo socialists have been on a campaign of attacking landlords. Reap what you sow. They can live on the streets for all I care, before the likes of BlackRock and Vanguard become their landlords. They deserve to feel that pain.
Landlord rents property- evil Landlord sells property- evil, created shortage Make up your minds folks
there will be all being taken by illegal immigrants paid for by government and US
Absolute shame the housingminister it seems is doing little about it? Yet it’s us who have to live with their failed policies. Not good enough, if you cannot deliver for the people, it’s time to go ConservativeParty
This is what happens when immigration is allowed to get out of control, along with the numbers of 'refugees'! A government with more than 2 braincells would know there isn't enough housing, but still, they allow more in, pushing up rents and lack of housing further. GOVIdiots
Zzzzzzzzz not news. So people not moving then. Zzzzzzzzz.
If only we had a plentiful supply of decent, affordable council housing available for people to rent. Sorry? Pardon? The Thatcher government did *what*?
Couldn't move back to be near family down south due to rent prices and the prices in the Midlands are climbing scarily quickly as well.
The woke far left want more immigration and also want cheaper housing. The 2 are not compatible. One of my rentals is having a change of tenants and I've put the rent up 38%. The more woke this country becomes the more rich I become.
Hardly surprising with the number of illegal migrants entering the country also wanting homes as well as funding to live in them!
With something like 70% of housing stock in the UK not meeting Energy efficiency lvl C (proposed for renting) this will get worse. With current rates and valuations it’s cheaper to rent even with these crippling costs. The UK market is broken
Gee I wonder why there is a shortfall, why Hospitals, Schools, and roads cannot cope. and yet the likes of the BBC never mention that elephant in the room, instead they issue the R card at anybody that does.
So the governments plan to put private landlords out of business is working then. Hope they have a second plan to house all the homeless.
There's no shortfall of properties, just a surfeit of people. We're bursting at the seams thanks to overbreeding and excess immigration. And with the ever-tightening squeeze on landlords - the majority of whom are legit - it's only going to get worse.
You never ever hear anyone say there's a housing shortage because there's too many immigrants being allowed into the country do you. How odd.
Because there are less legitimate landlords prepared to suffer the Tory legislation. It’s just not worth the risk anymore. Change the law, remove the constraints and maybe the situation will improve. The government should be helping landlords not kicking them
I’m already looking at 2/3 of my wages here in bristol if I have to move and get a new place to rent.
Who would've thought, not as if we had a whole city of migrants enter last year is it?