July 24, 2010
Buy To Let Property Shortage
The dearth in available rental investment properties is worsening, according to research produced recently by the Association of Residential Lettings Agents (ARLA).
Almost three quarters (70 percent) of ARLA member offices say that there are more tenants than available investment properties. This is an increase from 59 percent last quarter and 24 percent in September 2009.
The situation is particularly pertinent in the South East, where 76 percent of member offices report more tenants than properties.
Ian Potter, operations manager of ARLA, said: “The spring period would usually see a rise in rental properties coming onto the market, and although there is some evidence of landlords considering selling up, it is not enough to counteract the change in supply.
