Lettings Demand Picks Up

A rise in tenant demand was reported by a net balance of +20% of respondents. This is the first month since October last year where contributors cited an increase in lettings demand. In parallel, respondents continue experiencing declines in landlord instructions (net balance -24%). With letting demand increasing and supply diminishing, unsurprisingly a net balance of +31% of survey participants envisage rental prices moving higher over the coming three months.

Source: RICS News