ARLA says rental property is still in short supply

The Association of Residential Letting Agents (ARLA) said its latest research into the private rented sector highlights an undersupply of good quality property is threatening the UK rental market.

ARLA research reveals that the imbalance of supply and demand is continuing.

According to ARLA, during Q2 2011 three quarters (74%) of members reported that there were more prospective tenants than properties available – a figure that jumps to 82% in central London.

By comparison, just two years ago the number of members reporting an undersupply of rental homes in the UK was 10%, and 8% in central London.