25 Jan

ARLA reports increased demand for rental properties

ARLA reports increased demand for rental properties

The Association of Residential Lettings Agents (ARLA) has revealed that almost half (41 per cent) of its members reported that they had a greater number of tenants than properties on their books in the final quarter of 2009.

It represented a 17 percentage point increase compared with the previous three-month period, the organisation noted.

Although 54 per cent of the landlords surveyed stated that they believed tenants are being forced to rent rather than buy, the National Landlord's Association (NLA) is unconvinced that this is the reason for the upsurge in the private rental market.

Simon Gordon, head of communications at the NLA, stated: "These figure may show some tenants are reluctant to rent but that doesn't reveal the true story. [...] Increasing numbers are attracted to renting as a simpler, more flexible alternative to homeownership."

Ian Potter, operations manager at ARLA, described his organisation's figures as an encouraging sign for the market and added that more people are beginning to discover the benefits associated with living in rental accommodation.ADNFCR-1222-ID-19576495-ADNFCR

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