Rental shortage as tenants rise

A RECENT survey conducted by Home Sale Network among its members indicates that rental properties are in short supply, while the number of potential tenants in the market is rising.

The majority of survey respondents reported up to a ten per cent decline over the last six months in the number of rental properties available on the market. A further quarter of members reported up to a 20 per cent decline in stock levels.

Interestingly, while the number of rental properties available on the market appears to be depleting, during the same period nearly half of surveyed network members saw up to a 20 per cent increase in the number of potential tenants.

As a national network of specially selected independent estate agents across England, Scotland and Wales, many Home Sale Network members, like Brock Taylor in Horsham, have active rental departments and are able to provide a good indication of the current rental market trends.

Daniel Wood, from Brock Taylor, member of Home Sale Network in Horsham, said: “With the reported decline in available properties to rent, we encourage anyone who has a property to let to contact Brock Taylor today.

“Through our membership with Home Sale Network, we have access to potential tenants moving into the Horsham providing an additional avenue to our local landlords at no extra cost. So whether you are an experienced buy-to-let investor or have one property to let, get in touch.”

For further information, contact Daniel Wood, at Brock Taylor on 01403 272022.