Understanding supply & demand in the PCL rental market
Jessica Tomlinson explains what's been driving the big swings in rental market conditions over the past five years, and the impact on values.
Jessica Tomlinson is Research Analyst at Savills
Rental demand continues to outpace supply
'Supply and demand remains imbalanced,' says Propertymark, as letting agents report rising tenant registrations alongside a slight decline in new rental instructions.
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London’s rental market becomes ‘more balanced’ as supply rises – Foxtons
Rising supply relative to demand comes as 'a welcome relief to renters, landlords and agents alike', says estate agency.
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Rental growth continues to cool as supply rises & demand eases
Average rents in Inner London have nudged up by just 0.4% over the last 12 months, while the national average has climbed 6.7%.
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