12 Jun

Rental availability 'will remain high'

Rental availability 'will remain high'

The availability of rental property will stay high in the coming months if the number of assured short-hold tenancies declines, according to the head of sales at property portal Fish4homes.

Stewart Black said that the results from a recent Royal Institution of Chartered Surveyors (RICS) report - which showed a sharp increase in buyer enquiries - will have an effect on the rental market.

Commenting on the RICS research, he said "it suggests ... that more people would like to buy than rent".

"However, that would not necessarily mean that rental property volumes will decline," he added.

Last month's FindaProperty.com rental index revealed that the average rental asking price in the UK stood at £819 in May.

This was the same figure as April and represented the first time that asking rents had not dropped month-on-month for nearly a year.

FindaProperty.com also indicated that the total number of available rental properties increased by 2.7 per cent between April and May.

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.