Increase in short-term lets

The Association of Residential Letting Agents (ARLA) is advising consumers on best practice in short term lettings.

According to ARLA in the last quarter of 2011, 47% of its members witnessed an increase in the number of rental properties coming onto the market because they could not be sold, a rise from 18% just a year before.

Ian Potter, ARLA’s operations manager, said: “The rise in this figure suggests that homeowners struggling to sell their homes due to the sluggish market are increasingly looking to the private rented sector to utilise their property in the short term.