Residential Rents Expected to Rise

 

According to the RICS quarterly lettings survey, the balance of surveyors reporting rising rather than falling rents rose from zero to 30% in April. This compares with -56% last year. 

Also, a net balance of 36% of surveyors expect further rises because of the lack of rental homes available. Agents reported a rise in gross yields for the first time in 12 months.