Rightmove monthly asking price trend

Rental market foundations rock, but not by much

According to the Association of Residential Letting Agents (ARLA), the post Brexit rental market seems to be stable – with 77% of agents reporting no significant change.

Supply of property on agents’ books rose by 3% last month whilst demand in June increased by 12% compared to May. David Cox, managing director for ARLA, explained that ‘the rental market has responded to Brexit in a calm fashion, with no immediate fallout amid extreme political and economic uncertainty’. However figures reveal that there is still a shortage of homes, meaning an inevitable increase in rent in an overcrowded market.

Published on 29 July 2016