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Graham Awards


Optimism and tight supply fuel rentals boom, according to surveyors

The latest sentiment survey from the Royal Institution of Chartered Surveyors makes welcome reading for most landlords.

RICS deals only with broad expressions of market sentiment from its member agents, so gives little specific market ‘snapshot’ data - however, it says a net balance of 60 per cent of its survey respondents saw activity grow in the lettings sector in the past three months.

This is up from a net balance of just 14 per cent in January.


RICS says the switch around reflects the general improvement in the Covid situation across the UK since then, as well as the recent easing in lockdown restrictions. 

On top of that, there’s tight supply as new landlord instructions were more or less stagnant over the latest survey period.


Near term rental growth expectations amongst agents in RICS have also risen, returning a net balance of 55 per cent in April, compared to only 15 per cent over the previous quarter. 

“Over the next 12 months, respondents envisage rents rising by three per cent on average across the UK. Although near term expectations remain marginally negative across London, the 12 month view on rents moved slightly into positive territory for the first time since early 2020” RICS says.

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  • George Dawes

    I let a 2 bed for 1600 pw six months up front after just 2 days of viewings and before being on the open market !!!

    Things are gong crazy - in a good way :)

    Ferey Lavassani

    If you said that to me in the beginning of April, I would say it must be April fools. That is £41,600.00 upfront. What does the tenant do for living? I have seen similar cases in the past that the tenant comes up with a large amount, for only six months tenancy. They all turned up to be cannabis farmers.

  • icon

    I love a wind-up it must be Rising Damp or Mr Rigsby sorry Leonard try the Palladium.

  • icon

    Certainly no shortage of potential tenants or quibbling with market rents in Glasgow currently.

  • George Dawes

    No , it's for real , prime central London

  • icon

    Ok George, you say £1600. per week for one bed Flat x 52 = £82’300 annual rent, fair enough, I’ll pass on this one.

  • George Dawes

    2 bed , 1 bed would be ridiculous 😂


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