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Rental Demand Surges Despite Stamp Duty Holiday |
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The recent announcement of the stamp duty holiday for properties below £250,000 was expected to result in a drop in rental demand as tenants decided to buy flats. So far, the opposite has proved to be true. According to the Association of Residential Lettings Agents (ARLA) there are not enough rental properties to meet demand. Fifty-nine per cent of ARLA member agents reported more tenants than properties available in the first quarter of 2010. The figures for the last two quarters were 41 per cent and 24 per cent. “There simply isn’t enough housing stock,” said Ian Potter, of ARLA, who calls for greater government support for private landlords.
Read the full article on the Times Online Property Section
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