Property Type Any House Flat/Apartment Bungalow Studio Land Commercial Other Location Any Harrogate Areas Wetherby Areas Bradford Areas Leeds Areas Wakefield Areas Halifax Areas Sheffield Areas Rent Per Month Min £100 £200 £300 £400 £500 £750 £1000 £1500   Max £200 £300 £400 £500 £750 £1000 £1500 £2000 £2500 No Limit Bedrooms Any At least 1 At least 2 At least 3 At least 4 At least 5 Furnishings Any Furnished Furnished/Unfurnished Part Furnished Unfurnished

RICS survey Q3 2010

Rents pick up at faster pace on back of short supply.

• Lettings demand increases at fastest pace since Q4 2008, while instructions decline for fifth consecutive quarter
• Rental growth accelerates as instructions decline
• Fewer landlords selling properties at tenancy renewal

The RICS Residential Lettings Survey for the three months to October shows that lettings demand is increasing at the fastest pace since the back end of 2008. The net balance improved to +33, indicating that 33% more surveyors reported a rise in tenant demand for property than a fall.

Demand for houses is once again greater than that for flats, although both net balances edged up and are increasing at a very similar pace. According to surveyor's new landlord instructions slipped further, albeit at a modest rate; this marks the fifth consecutive quarter of falling instructions.

New instructions for flats are falling at a slower pace. This is the slowest pace of decline seen since the net balance was positive back in July of 2009. Meanwhile the net balance for instructions of houses dropped slightly to -6. The pickup in lettings demand, coupled with the weaker supply coming to market, has put renewed pressure on rents.

The rate of rental growth now stands at the highest since Q2 2007 as 39% more surveyors reported seeing an increase in rents over the past three months, than a fall. This compares favorably with last quarter's headline balance of +27. The change in rents from last quarter was greater for houses than it was for flats, although both improved significantly to +47 and +35 respectively.