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Quiet
optimism for UK lettings
Quiet optimism
over rent levels is beginning to be a feature of the lettings market,
according to the most recent quarterly survey of its members by
the Association of Residential Lettings Agents (ARLA).
The ARLA survey is conducted through the offices of member letting
agents, the frontline of the private rented sector and the latest
quarter shows that well over half (58%) believe that rents have
stabilised or even risen. Nationally, a quarter (25%) of all agents
believe that rents had risen at the end of February. Exactly a third
(33.3%) believe rents have remained the same while 41.3% believe
rents are down.
The rental market in prime central London is still having a disproportionate
effect on the national average figures as only 5.3% of ARLA members
in the Capital see signs of rents rising. 71.3% believe rents are
down and 23.3% believe they have stayed the same. However, in the
rest of the South East there is more optimism.
A quarter, 24.3%, believe achievable rents are up, 35% that they
have stayed the same and 40.8% believe them to be down. For a different
picture, go to the rest of the UK. 43.5% believe that prospects
are bright for rents with achievable rents rising. 40.6% believe
they have stayed the same and only 16% believe they are down.
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