Sentiment in the rental market

In this quick read article we take a look at the rental market based on the findings in the RICS March Survey

The RICS March survey, gauging the mood of agents, showed continued improvement in the lettings market.
Tenant demand has continued to increase, with a net balance of +36%. In contrast, landlord instructions continue to fall, with a net balance of -25%.
The imbalance between demand and supply has put upward pressure on rents. +47% of agents report positive rent expectations, with rents expected to increase by just under 3% over the next 12 months.
According to Dataloft Rental Market Analytics, the average monthly rent in England (excl London) is £818, and £1,712 in Greater London. Source: Dataloft, Royal Institution of Chartered Surveyors

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