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LATEST NEWS & EVENTS Private rented sector demand 'strong'  Demand in the private rented sector (PRS) remains "robust" despite new figures suggesting that the market is changing, the Association of Residential Letting Agents (Arla) has claimed. Property investment advice from the group shows 55 per cent of estate agents reporting that there are more tenants than properties available in the final quarter of last year. Although this suggests demand is still high, it is considerably lower than the 74 per cent reported in Q3. It appears to go against research from buy-to-let lender Paragon that shows more than half (56 per cent) of landlords expect tenant demand to "grow or boom" over the next 12 months. Arrears could be the main problem facing landlords, with 39.2 per cent of Arla members reporting a rise in tenants struggling to pay their rent, up 2.5 percentage points from the previous quarter. Tim Hyatt, Arla president, said: "The apparent drop in demand for rental properties could be due to the traditionally quite pre-Christmas period. "At the same time, it could indicate a reversal of the surge of new tenants who turned to the PRS when they could not afford to buy." Posted by Georgina Price 
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