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RICS UK Residential Markets Survey

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Latest findings of the RICS UK Residential Markets Survey conclude that nationally, demand from applicants is holding firm, but the supply of new properties is declining. This is predicted to result in a modest rise in rents over the next few months, with the rate outstripping the rise in general prices. Regionally, however, demand across the north has dropped, with a greater drop in the number of new instructions, so whilst rents here are likely to rise, the increases are not likely to be as great. Residential property continues to be a steady investment but the increasing regulatory burden suggests that Landlords should ensure they are properly advised.