Tenant demand in the past month has been the lowest since February 2021 and suggests that the pace of demand growth is slowing across the market.
That’s the view of the respondents to the latest snapshot study by the Royal Institution of Chartered Surveyors.
RICS undertakes a sentiment survey rather than anything more specific, and on the rental supply side it says new landlord instructions remain on a downward trend, evidenced by a net balance of 24 per cent of respondents seeing a decline in December.