Agents’ chief executive renews demand for government help for private rental sector

Nathan Emerson, the Propertymark chief executive, has renewed demands on the government to help redress the imbalance between demand and supply in the private rental sector.

In the trade body’s latest lettings market snapshot, some 54% of member agents report static rents, despite the fact that each available lettings property attracts an average of seven rival prospective tenants.

Emerson comments: “Rent levels in some areas across the country are being forced to drop as many renters are being pushed to their limits when it comes to long-term affordability. With the ongoing legislative and regulatory pressures placed on investors, this is causing a lack of supply against a backdrop of growing demand.

Read the full article at Letting Agent Today