ARLA Reports no real impact from Brexit

ARLA Reports no real impact from Brexit

ARLA Reports...

ARLA Reports no real impact from Brexit

Despite some fears earlier in the year, ARLA reports that there has been no real impact on the lettings market as a result of Brexit.

In a post-referendum study carried out in August, just over half of ARLA members (51 per cent) reported some signs of uncertainty from either those looking to rent or those looking to let a property following Brexit.

However, ARLA considers that this had very little real impact on the rental market and the majority of members have reported no change in rent prices, supply of available properties, or demand from prospective tenants following Brexit.

David Cox, Managing Director, Association of Residential Letting Agents (ARLA), said:Although Brexit painted a temporary picture of uncertainty for tenants and landlords, our findings show that the market remains in good shape. We’re not seeing anything across supply or demand that is out of the ordinary, and while demand is at high levels, this is being matched with a decent volume of properties on the rental market".

If you would like to discuss the Island's Lettings market in more detail, simply call the Maher Ross Team on 01983 563000