Surveyors predict 3.9% rise in rent

Press Association
to let signs
to let signs

Andrew Matthews/PA Wire/Press Association Images

The financial squeeze on tenants looks set to continue, with rents predicted to rise by nearly 4% over the next year.

Rents have already increased by 4.3% over the last 12 months and are likely to be driven further upwards by a "scarcity" of mortgage finance and a shortage of good quality properties for tenants to move into, the Royal Institution of Chartered Surveyors (Rics) said.