Renting: Shortfall of properties creates frenzied market, surveyors say

Fierce competition among tenants chasing a limited number of homes to rent shows no sign of abating, surveyors say.

Rather than pockets of competition in certain parts of the country, Simon Rubinsohn, chief economist at Rics, said the problem was striking in its consistency across the UK. "Tenants' budgets are coming under pressure due to the rise in the cost of living. Landlords who choose to price sensibly are attracting the most interest," said Alec Harragin, from Savills estate agents in London.Emily, her partner, and their baby son MJ had been renting a two-bedroom flat in Aylesbury. The landlord wanted to put up the rent at the end of their current tenancy but the family could not afford it.

Have these properties found there way to the open market?

Definitely

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Renting: Shortfall of properties creates frenzied market, surveyors sayAgents say high numbers of tenants chasing a shortage of properties will continue to push up rents. 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? 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
Fonte: BBCNews - 🏆 3. / 97 Consulte Mais informação »