ARLA Reports Pick-Up In Rental Demand

29-Sep-2009
A survey by the Association of Residential Lettings Agents (ARLA) reveals a pick-up in rental demand in the third quarter…

Association of Residential Lettings Agents (ARLA)

Members' Survey of Private Rented Sector (PRS) Q3 2009: Key Points

 
  • Almost a third (33 per cent) of ARLA members surveyed felt that supply and demand of rental property is in balance in Q3 2009 compared to just 19 per cent last quarter.
  • 83 per cent of ARLA members signed up 10 or more tenancies during Q3 compared to 79 per cent in the second quarter.
  • The number of members who believe that there are more homes for rent than there are tenants to fill  them dropped from 70 per cent to 43 per cent.
  • The number letting agents who say that there are more tenants than properties has risen from 10 per cent to 24 per cent.
  • In the rest of South East England (excluding London), this figure rose to 27 per cent compared to just 9.0 per cent in Q2.
  • The average length of time for a rental property to remain empty has fallen from 4.3 weeks in May to 4.0 weeks in September.

View the ARLA Members' Survey of Private Rented Sector Q3 2009

Related story:

Landlords Keen To Buy
Private Rented Sector Results Q1 2009
 (30 Mar 2009)
The Association of Residential Letting Agents (ARLA) has published its Members' Survey of the Private Rented Sector for Q1 2009…....More

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