The Royal Institution of Chartered Surveyors warns that rents are likely to stagnate for the rest of the year - although they are not expected to fall despite the market standstill.
In its latest residential market survey it says: “In the lettings market, tenant demand was more or less stable in the three months to March (non-seasonally adjusted series). Alongside this, landlord instructions fell once more, with a net balance of minus 32 per cent of contributors noting a decline.
“The virus outbreak has had a significant negative influence on near term rental growth projections, which slipped into negative territory during March.
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