Data released by ARLA Propertymark has revealed that the supply of properties available to rent rose to 203 per member branch in March, from 197 in February – the highest since records began in 2015.
Year-on-year, supply is up 13 per cent, compared to 179 per branch in March 2018. Demand from prospective tenants also increased, with the number of house hunters registered per branch rising to 67 on average3, compared to 65 in February.
The number of tenants experiencing rent rises fell marginally in March, with 30 per cent of agents witnessing landlords increasing them, compared to 34 per cent in February. Year-on-year, this figure is up 30 per cent, from 23 per cent in March 2018.