Huge undersupply of rentals property in London found by letting agents

Letting agents London wide have recently reported that there is a considerable shortfall of lettings properties around the capital city, and this is definitely driving up rental prices.

Research from the Association of Residential Letting Agents (ARLA) finds that eighty two per cent of London letting agents happen to be reporting a shortage of properties. A couple of years ago, just 8 per cent of letting agents said there was a lack of properties.

It has caused rents to raise, with one agent in the west of London reporting increases of twelve per cent of more as well as over half of all members of ARLA having noted rental increases.

Tenants who are trying to find good quality accommodation lettings London wide, should consider looking to Benham and Reeves Lettings. As an established letting agency with more than 50 years experience in the property market, you can be certain that you are working together with a reliable business who will make sure that you find the ideal apartment or house to suit your needs.