Despite recent rises in available rental properties in the UK, analysts believe there is still "a long way to go" before the rental market is re-balanced and stable, as the gap between supply and demand remains vast. The average price of a home has risen by more than 10% since last year, according to data from Rightmove - up from £294,700 at the start of 2016 to £416,500 now.
Despite recent rises in available rental properties in the UK, analysts believe there is still "a long way to go" before the rental market is re-balanced and stable, as the gap between supply and demand remains vast. 37% of ARLA branches reported an increase in rent prices between June and July; however, demand for rental properties per ARLA branch varies throughout the UK, with the national average slightly decreasing but significantly rising in London.