From This is Money:
The Royal Institution of Chartered Surveyors said instructions to let properties during the three months to July increased at their fastest pace since its survey began.
It said 43% of its members reported seeing a rise in the number of new landlord instructions, up from 30% during the previous quarter.
The group attributed the jump to frustrated owners opting to become landlords after being unable to sell their homes in the current market.
It said the credit crunch and housing market downturn had also boosted demanded for rented property as people either delayed buying a house or were unable to obtain the mortgage they needed to do so. Tenant demand rose at its fastest rate since 1998, with 37% of chartered surveyors reporting an increase in lettings, up from 30% during the previous quarter.
The group said demand for family homes was particularly strong, with 43% of surveyors reporting an increase in the number of house lettings, compared with 34% who reported a jump in demand…
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