A shortfall of properties to match demand from tenants – causing a rise in the cost of renting – is striking in its consistency, surveyors say.
One agent said the rental market in his area was “frenzied” owing to fierce competition for homes among tenants.
The Royal Institution of Chartered Surveyors (RICS) said the proportion of its members reporting growth in demand was at a five-month high in March.
Rents are expected to rise across the UK, averaging a 4% annual increase.