A senior lettings chief says the supply drought is making the rental market as overheated now as at any time in the past two decades.
Kate Eales, head of regional agency at Strutt & Parker, says: “In my 20 years in the industry, the current lettings market is as overheated as I’ve seen.
“With a substantial withdrawal of private rental sector stock, at an estimated 300,000 units, there’s been a rise in stiff competition from those who are seeking property across all parts of the UK and a subsequent hike in rents achieved.”
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