Additionally, the new landlord instructions net balance slipped from -3 per cent to -11 per cent, pointing towards a “renewed decline” in rental listings.
Going forward, a net balance of 38 per cent of respondents said they anticipate that rental prices will rise over the coming three months.
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This is consistent with the trend seen since January, with the near-term rental expectations net balance remaining in a tight range between 38 and 34 per cent over the past six months.
tom.dunstan@ft.com
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