Rental yields rise on continuing demand from FTBs

The Royal Institution of Chartered Surveyors (Rics) quarterly report examining the residential rental market says tenant demand for rental property has continued to rise in the three months to July, having held firm in the previous quarter. Demand is strongest for flats as prospective first-time buyers still continue to be priced out of the housing market despite only modest growth this year. Levels of newly available properties picked up between May and July after stagnating in the last quarter, although, says Rics, the increase has been slight and not enough to cap rents. More bu...