Rent increase rapidly across the UK

Rent increases rapidly across the UK

Strong tenant demand and falling supply is pushing rental prices higher according to the latest RICS UK Residential Lettings Survey.

Rents rose at a rapid pace in the three months to the end of January, as falling supply of rental properties and strong tenant demand continued to drive prices upwards.

RICS spokesperson Jeremy Leaf said, “The current buoyant state of the rental market is likely to persist for some time to come, given the challenges facing the sales market”.