1 September 2014
The 'reluctant landlord' - a phenomenon that emerged during the recession as home owners were forced to let their property rather than sell it - has returned to the rental market, according to ARLA.
ARLA's research revealed that 34% of member offices in the third quarter of this year experienced an increase in the number of rental properties coming on to the market because they can't be sold. This figure was an increase from 19% in Q2 of this year.
There was variation across the UK in the number of agents reporting this trend, with 58% of agents in the North-East reporting an increase in reluctant landlords, compared with 15% in central London.