Private rental sector 'near capacity' - says ARLA
The private rental sector may soon not have enough properties available to satisfy demand, according to the Association of Residential Letting Agents (ARLA).
In a survey of 6000 members of ARLA, 74% of respondents said demand outstripped supply in the private sector, the highest level since records began.
Tim Hyatt, president of ARLA, said: "The UK cannot rely on the rental sector to support the housing market in perpetuity.
“The reality is that there is a limited amount of rental property and, unless both housing supply and mortgage availability improves, renters will find that their options in the market are reduced."
20 October 2011
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