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UK Residential Tenant Supply Dries

CANNES-Yields for landlords in the UK residential lettings sector fell for the fifth consecutive quarter, says the Royal Institution of Chartered Surveyors in its latest survey of the UK residential lettings market

By Charlie Jacoby | Updated on March 14, 2002

CANNES-A big increase in the number of investors entering the buy-to-let market, static rents and a slowdown in demand has combined to reduce income returns for landlords. That’s the conclusion of research by the Royal Institution of Chartered Surveyors.

Demand for corporate lets in London, which account for 30% of the market, was markedly down, reflecting the impact that 11 September and the weaker financial markets have had on that sector. Regional demand held up much better, where corporate lets account for only between 6% and 12% of the overall market.

London saw the steepest rise in the supply of property available, reflecting the high level of investor interest in lettings in the capital.

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