■ If, in the economic uncertainty following Brexit, mortgage lenders tighten their criteria on loan to value and loan to income ratios, people will find it harder to access the market, keeping them in the private rented sector for longer.

■ On the supply side, we believe a less hospitable tax environment is likely to curtail investment buying activity. However, this will probably be offset by a rise in accidental landlords in the short term. Despite an imbalance between supply and demand, rental growth may be held back by wage growth.

■ In the prime market, high levels of new supply have limited rental growth, particularly in London. The market is more exposed to uncertainty regarding the prospects for the financial and business services sector.

■ That means landlords will need to remain competitive on asking rent and flexible on terms, as well as ensuring the property is presented in good condition.