Stock Shrinks

The lettings market is starting to recover as increased sales activity and the return of corporate tenants soaks up the surplus rental stock, reports FT Weekend:
- Association of Residential Letting Agents (ARLA) sees fewer properties becoming available;
- FindaProperty.com said that the number of properties fell by more than 6% in September;
- Savills sees renewed interest from corporate tenants and relocation agents;
- Tim Hyatt of Knight Frank said: “We are achieving rents just shy of asking price – but this is still around 10% lower than a year ago.”
Read the full article here.


