Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Build To Rent Completions in Freefall: New Blow to Rental Supply
Build To Rent completions are in freefall, according to a report by Letting Agent Today. The development is described as a new blow to rental supply.
The same report notes that the new private rental sector database is adding to the problems. The source does not set out further detail on the figures, the causes, or the specific impact on individual agents or inventory firms.
For letting agents and inventory clerks, the headline points to continued pressure on the supply of rental homes at a time when the sector is already adjusting to the new private rental sector database. The source does not quantify the fall in completions or provide a timeline, so the scale of the impact cannot be stated from this report alone.
We will update this brief if further detail becomes available.
Source: Letting Agent Today