Demand for rental property outstripping supply...

The demand for private rented accommodation is outstripping supply, according to new figures from ARLA.

It surveyed 6,000 of its members throughout the UK and nearly three-quarters reported that the clamour for tenancies has risen considerably in the past year.

As a result of this, renters are extending their contracts for a record-high 19 months, as many are worried that the competitive nature of the market will mean they cannot secure a better or more suitable home.

ARLA president Tim Hyatt has urged the government to give landlords more incentive to invest in new-builds in order to boost the housing market.

"There is a finite amount of rental property and unless both housing supply and mortgage availability improves then renters will find that their options in the market are reduced," he commented.

Want to discuss your rental options? Call Kings Estate Agents, Tunbridge Wells on 01892 533367 - Open 7 Days a Week or email: tunbridgewells@kings-estate-agents.co.uk