New figures released this week by Propertymark reveal that even in the run-up to Christmas there was no significant change in the frantic lettings market.
The number of new prospective tenants registered per Propertymark agency branch remained static and supply remained much the same as before - the end result being that there were nine prospective tenants competing for each available rental property.
However the agency trade body, in its latest market snapshot, says there were fewer reports of rent rises in the lead-up to Christmas than in earlier months. Rental arrears also rose late in 2023 and while it is still relatively low - under 3.5 per cent of all tenancies have any arrears at all - this is higher than before.
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment