Rent prices

• The number of tenants experiencing rent rises rose marginally in August, with 64 per cent of agents witnessing landlords increasing them, compared to 63 per cent in July.
• Year-on-year, this figure is up from 35 per cent in August 2017, and 40 per cent in August 2018

Figure 1: Average number of tenants experiencing rent hikes year-on-year

Supply of rental stock and demand from tenants

• The number of properties managed per branch rose to 197 in August, from 184 in July.
• Year-on-year is the same, supply is up by 4 per cent from August 2017.
• Demand from prospective tenants also increased, with the number of house hunters registered per branch rising to 76 on average, compared to 73 in July.

Landlords selling their buy-to-let

• In August, the number of landlords exiting the market remained at four per branch.