The number of letting agents who saw rents rise for tenants remained at 31 per cent in July, up from 27 per cent in May, according to the latest figures from the Association of Residential Letting Agents.
In its July Private Rented Sector Report, numbers indicated that demand is increasing alongside the rise in rents.
The figures also showed that yhe number of properties managed per member branch increased marginally in July, to 192 – up from 190 in June. This is the highest level since January, when agents managed 193 on average
Year on year, this figure has increased by four per cent; in July last year, letting agents managed 184 properties on average.