In the lettings sector, tenant demand seems to have gathered a little more impetus while landlord instructions to let out their property declined marginally for the second consecutive month (on a non seasonally adjusted basis). This may be a result of some (accidental) landlords now opting to sell, a feature frequently highlighted by contributors to the survey. These factors are acting to push near term expectations of rental growth higher. Looking ahead, rents are projected to grow at around 2.5% over the next twelve months, and at an average annual rate of 4% over the next five years.