London Supply of Rental Properties drops by a Third

In April, the supply of available rental properties in London fell by a third, whilst rising only marginally across the rest of the UK. David Cox, CEO of ARLA says “Although the rental market in London has seen a large drop in the supply of properties available to rent, it’s a different picture in the rest of the UK where we have seen little or no change to activity since March. It’s likely we’re seeing the rest of the rental market out of the Capital plateau as a result of the election in June. It’s important that housing is at the top of the new Government’s agenda, as we have had two elections and a referendum in the last three years which is stalling the policy process meaning that we do not have the right houses available to provide the homes people need.”

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