UK rental property market surging as lack of supply pushes up prices

[Nicholas Wallwork]

A surge in demand for rented property over the summer in the UK has outstripped rental supply, new research shows.

Tenant registrations soared over July and August, finishing 47% up on May and the number of potential renters in August was up 14% on last year, according to Winkworth’s latest quarterly review analysing trends and the outlook for the UK residential property sales and lettings markets.

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[chris-sussex]

Estate Agents in Hove

Lack of supply???!!! No way, more like lack of realistic prices and buyers that are serious, kust have a look at the Brighton and Hove property market, so many properties, high prices, cash poor buyers. How do you mend that? get the banks to lend like crazy again? I think not.

estate agents hove

 

[AMSNZ]

Prices will come down as demand for property lessens due to its high price. No matter what happens it is the market that sets property prices.

 

[Raresaturn]

Prices will come down as demand for property lessens due to its high price. No matter what happens it is the market that sets property prices.

I thought Uk prices had come down...

 

[AMSNZ]

Sorry yes I see what you mean... what I meant to say is I think house prices in the UK are set to fall further.