UK property rent prices rising as supply dwindles and demand rises, reports show

[Nicholas Wallwork]

Residential rents are set to rise as accidental landlords sell as the UK property market improves, according to two new reports.

A survey from Rightmove, the UK's number one property website for lettings, has found that over a third of people who will rent a property over the next 12 months expect prices in the rental market to increase, with just 7% believing that prices will fall.

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