How valuable is the PRS to the UK economy?

The private rented sector (PRS) is becoming an increasingly important part of the British economy. It has been expanding steadily in recent years and looks set to continue this growth for the foreseeable future. Indeed, the Association of Residential Letting Agents (ARLA) has estimated the sector is already worth £500 billion and contributes £30 billion to the UK economy each year. But why is the PRS so valuable and what does this mean for letting agents? Read on to find out. A growing fo...
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