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2017 WILL SEE FEWER HOMES TO LET AND HIGHER RENTS.

Tuesday, 20th December, 2016

Members of the Association of Residential Letting Agents predict a fall in the number of homes being available to let next year - and higher rents as a result. 

ARLA managing director David Cox says that the drop in stock will be down to the longer term effects of this year's stamp duty surcharge, while the increase in rents will be down to a factor of reduced supply, and attempts to recover monies lost to landlords through the restrictions on mortgage interest tax relief.

Demand will continue to rise, and with less stock available for prospective tenants, competition is expected to be high in 2017.





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