Demand will continue to outstrip supply in 2013, leading to little chance of a slowdown in rent levels, says ARLA’s managing director. London and the South East are expected to be the worst affected.
ARLA managing director Ian Potter says: “2013 will be time for unscrupulous agents and landlord to put up or shut up. Consumers are rightly calling for much higher standards in the PRS and we are seeing demand for licensed ARLA agents grow amongst tenants and landlords alike.”
“When it comes to rent levels, as long as the shortage of housing stock continues, it is unlikely that there will be any relief on rising rents throughout 2013. Indeed, in urban areas the demand for single person occupancies may well continue throughout 2013, which will increase the existing pressure on high demand properties and areas.“