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Rental property supply drops sharply, pushing expected price hikes amid steady tenant demand.
The flow of new rental properties entering the market has dropped at the fastest rate in five years, according to the Royal Institution of Chartered Surveyors.
A net 31% of professionals reported a decline in new landlord instructions, leading to rising rental prices expected by 25% of survey participants.
Meanwhile, tenant demand remained steady.
In the sales market, new buyer inquiries fell in July, and a net 13% of professionals noted a slight decline in house prices.
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La oferta de propiedades de alquiler cae bruscamente, impulsando los aumentos de precios esperados en medio de una demanda constante de inquilinos.