The Royal Institution of Chartered Surveyors (RICS) Residential Market Survey for April 2023 has reported a rental market continuing to struggle with a chronic lack of available properties, as the widening supply-demand imbalance continues to place upward pressure on rental values.
The latest survey results from the rental market, reveals that tenant demand has increased in the three months to April, with a net balance of +41%
However, a fall in landlord instructions was recorded over the same timeframe, with a net balance of –24%% of respondents reporting a decline.