No room at the letting agent: UK is running out of homes to rent - Home News, UK - The Independent
Britain may soon not have enough rental properties available to satisfy demand, a survey has suggested, in further evidence of a growing crisis in the housing sector.
With a record number of new tenancies signed last year, the private rental sector (PRS) was "nearing capacity", the Association of Residential Letting Agents (Arla) said.
In a survey of some 6,000 members of Arla – the regulatory body for letting agents in the UK – 74 per cent of respondents said demand outstripped supply in the private rental sector, the highest level since records began.
The increase was most acute in London and the South-east, the survey said, adding that some tenants were now staying in properties for 19 months – a record – as they were wary of finding a new property in a highly competitive market.
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