Supply of available homes steadily rising
Our members reported having 11 properties on average per member branch that were available to rent in June. There has been a steady increase in available properties since February’s low, however, agents reported to signing up 11 new tenancies on average per member branch.
New tenants registered
Demand steady
An average of 93 new applicants were registered per member branch in June. This number has remained fairly steady over the past four months.
It is good to see a slight increase in stock levels this month, but with that being said, this barely scratches the surface on what is needed in order to limit the ever-widening gap between supply and demand.
There is a decreasing number of incentives for landlords to remain within the sector especially with the many incoming regulatory pressures on the horizon. We need reassurance from all Governments that they will address this increasingly pressing issue and in turn ease the pressure within the private rented sector.
