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.
RICS Warns of Further Rent Increases
The Royal Institution of Chartered Surveyors (RICS) has warned that rents are set to rise further. According to its latest market snapshot, RICS reports that rising tenant demand and constrained supply continued to put upward pressure on rents throughout August.
This update is based on sentiment measured among RICS agent members. The ongoing imbalance between demand and supply remains a key factor for letting agents and inventory clerks to monitor in the UK property market.
Source: Letting Agent Today