The latest study from the Royal Institution of Chartered Surveyors shows a strong lettings market across the UK - except in London.
“London now stands out as the only area in which a negative trend in tenant demand was cited in September” says the study.
RICS says the recent dip in demand has been reflected in short-term rental growth expectations across the capital - the vast majority of London surveyors responding to the study anticipate rents will fall over the next three months.
“By way of contrast, the national three-month rental expectations indicator returned a positive reading of plus 19 per cent” says RICS.
In the sales market the RICS survey points to further buoyancy in the market, as more people look to move, driving prices higher.
However, respondents say this is likely to be a short term boost as the outlook ahead points to a more subdued market as job losses and the scaling back of policy initiatives will start to impact transactions.
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