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The North East Top Performing Region for Tenant Demand in December

Demand for rental property in the North East of England stood 42.3% above the national average in December, according to the Association of Residential Lettings Agents (ARLA).

Demand for rental property in the North East of England stood 42.3% above the national average in December, according to the Association of Residential Lettings Agents (ARLA).

ARLA’s latest private rented sector report, which surveyed 355 ARLA member branches, shows that overall demand for rented property slowed in December, achieving an average of 26 prospective tenants registered per member branch – down from the 32 recorded in November.


The decline seen in December is in line with seasonal expectations, said ARLA, and is comparable to the same period in 2015, where the number of prospective tenants recorded was 29.


With an average of 37 prospective tenants per branch, the North East was home to the highest increase in demand across the UK, with registrations standing 42.3% higher than the average across the rest of the country.


Supply of rental properties slightly increased throughout the UK, with the average number of properties managed per branch reaching 188, rising from 185 in November.


The largest level of supply was found in Yorkshire and the Humber, where there were 259 properties managed per branch.


Rents also increased in December, with 19% of the agents surveyed indicating that the rental rate rose over the period – a 3% increase on the previous month.


ARLA’s figures echo the findings released by the National Landlords Association last week, which revealed that demand for properties in the North East doubled in 2016.

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