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Letting brokers throughout the UK have seen the variety of obtainable leases halve, in response to new analysis.
Business physique Propertymark surveyed greater than 440 letting companies throughout 4,000 branches and located that on common brokers mentioned obtainable leases have halved from greater than 30 to only 15, the BBC reported.
It comes after the Royal Establishment of Chartered Surveyors (Rics) final month mentioned the variety of obtainable properties to hire was edging down as demand from renters elevated.
Rics mentioned in early March that 63% of property professionals anticipate rents to rise within the subsequent three months, the best proportion since its data began in 1999.
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And Rightmove mentioned final month that the typical month-to-month hire being marketed throughout Britain (excluding London) was a document £1,088 within the first quarter of 2022, marking an 11% annual improve.
In London, common asking rents have shot up by 14% yearly to £2,195 per calendar month.
There are additionally greater than triple the variety of tenants inquiring as there are rental properties obtainable, making the market extremely aggressive, in response to the web site.
The shortage of inventory stems from longer tenancies, coupled with demand from individuals who had beforehand put plans quickly on maintain as a result of coronavirus pandemic, it prompt.
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