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Letting Agent Today

Name: Letting Agent Today
Address: 5 Albemarle Rd, Beckenham, London, BR3 5HZ, United Kingdom, London, BR3 5HZ, United Kingdom

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5 Albemarle Rd, Beckenham, London, BR3 5HZ, United Kingdom, BR3 5HZ London (United Kingdom)

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About Letting Agent Today

A leading light in the Generation Rent group is disputing the findings of a Propertymark survey of letting agents.

Agents from businesses with a total of over 4,000 branches were questioned with results that should have been regarded as worrying for renters.

The number of properties available to rent has been diminishing with a large portion of landlords choosing to sell their properties, citing the increased risks of buy to let investment, as well as much greater red tape and higher taxation.

The data shows the number of properties available to rent through letting agents halved between March 2019 and March 2022 - over 90 per cent said their reason for withdrawing from the rental market was to sell.

However the deputy director of Generation Rent - Dan Wilson Craw - disputed the findings produced from 4,000 agency branches. He says it’s not a shortage of rental properties prompted by sell offs that has triggered rent rises and a difficulty in tenants finding accommodation.

“Rents are rising and would-be tenants face bidding wars or demands for multiple months' rent up-front. That is a result of large numbers of people moving back to cities since summer 2021 as universities and offices reopened, putting a strain on homes coming to market. We're seeing similar rent inflation in the US and Australia” he claims.

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Visit us: https://www.lettingagenttoday.co.uk/

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Letting Agent Today

5 Albemarle Rd, Beckenham, London, BR3 5HZ, United Kingdom

BR3 5HZ London

United Kingdom

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