RICS warning – no end in sight for rent rises as stock falls further
Summary
RICS reports that the UK rental market remains under pressure from a continuing shortage of good-quality stock, with landlord instructions still negative as some landlords reduce portfolios or exit the sector. The same snapshot also shows a weak sales market, with buyer demand, agreed sales and house price balances remaining negative across much of the UK.
Why it matters
For residential property surveyors, the findings indicate ongoing market distortion in both lettings and sales, which can affect valuation assumptions, comparables and client advice. The report also highlights the influence of regulation, taxation and mortgage costs on market sentiment, all of which are relevant to professional assessments.
Key points
- RICS says rental supply is falling as landlords sell up or shrink portfolios.
- Tenant demand was broadly flat, but landlord instructions remained strongly negative.
- Expectations for rent rises remain positive over the next three months.
- Sales market indicators remain weak, with buyer demand and agreed sales still negative.
- House price sentiment is negative nationally, with notable regional variation.
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