• Dramatic undersupply of rental property in London found by letting agents

    Date: 2011.07.19 | Category: News | Tags:

    Letting agents London wide have recently announced that there’s a considerable shortfall of lettings properties around the capital, and this is definitely driving up rental prices.
    Research from the Association of Residential Letting Agents (ARLA) finds that eighty two per cent of London letting agents are actually reporting a lack of properties. 2 yrs ago, just 8 % of letting agents said there was a reduction in properties.
    It has caused rental prices to raise, with one agent in the west of London reporting increases of twelve % of more and also over half of all members of ARLA having reported rental increases.
    Tenants that are looking for excellent accommodation lettings London wide, need to look to Benham and Reeves Lettings. As an established letting agency with over 50 years experience in the property market, you can be certain that you are working together with a trustworthy business who will make sure that you find the right apartment or house for your needs.