The Royal Institution of Chartered Surveyors (Rics) has said that rents have continued to rise in the lettings sector even as demand falls for certain properties.
Adding to a series of studies produced this month asserting that landlords remain confident over their future prospects despite negative media reports, Rics has said that rents continued their upward trend in the fourth quarter of the year.
However, the organisation also sounded a more cautious note in noting that some properties, such as city centre flats, could be suffering from the problem of excess supply.
"With rents still on the increase many would-be-buyers will find accessing the housing market even more difficult as they struggle to raise the capital for that first important purchase," said Jeremy Leaf from Rics.
"However, many landlords will still take solace from uncertainty in the economy and enjoy the gains from rising rents," Mr Leaf added.
Connells Surveys & Valuations has also today suggested that there is now an oversupply of flats on the market.
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