Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
RICS Survey Highlights Supply Squeeze in PRS
The latest RICS UK Residential Survey for June 2026 has found that tenant demand in the lettings market has increased, while the number of landlord instructions has dropped. The survey reports a headline net balance of +18% for tenant demand, which is the strongest reading since May 2025.
Despite this rise in tenant demand, there is evidence of fewer landlords offering homes in the private rented sector (PRS). The survey notes a drop in landlord instructions, contributing to a tightening of housing supply for renters.
For UK letting agents and inventory clerks, these findings highlight ongoing challenges in matching tenants with available properties. The combination of rising demand and reduced supply may impact the availability of rental homes and the workload for professionals managing property inventories and lettings.
Source: Property118