Market News

This news is taken from our monthly market and economic newsletter, London Update.
Issue 46: November 2009

Reluctant Landlord Numbers Continue to Fall
New research from ARLA (Association of Residential Letting Agents) shows that the number of estate agents helping landlords to rent out homes that they are unable to sell has fallen from a peak of 95% in Q1 this year, through 80% in Q2 to a new low of 60% at the end of Q3. This is mirrored by data from FindaProperty which shows the stock of available rental properties fell sharply in October by -10.2%, bringing rental supply back to October 2008 levels.

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