Rental Market Frenzy Continues Despite Overall Inflation Slowdown
A shortage of rental properties to match demand from tenants is causing a rise in the cost of renting, according to the Royal Institution of Chartered Surveyors (RICS). The proportion of RICS members reporting growth in demand was at a five-month high in March, with rents expected to rise across the UK, averaging a 4% annual increase. The rental sector is constrained by a lack of homes, with tax and regulations leading many landlords to consider whether to continue or sell up.