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A third of tenants see rents rise: Arla Propertymark

Arla Propertymark reports that 31 per cent of renters dealt with a price increase in September.

This compares with 27 per cent in 2017, and 24 per cent the year before that.

On a monthly basis, however, this figure has dropped from the 40 per cent figure seen last month, a record high.

On a yearly basis, demand from prospective tenants is down 20 per cent, going from 79 registered per letting branch in 2017 to 63 in September of this year. In August, this number stood a 64.

The report also suggests that landlords continue to leave the buy-to-let market, with letting agents managing 194 properties per member branch in September, down from 197 last month.

ARLA Propertymark chief executive David Cox says: “Increasing costs and continued regulatory change is pushing BTL investors out of the market and deterring new ones from entering. An average of four landlords took their properties off the market per branch in September, up from three this time last year – and as supply falls, competition among tenants increases, which is driving up rent costs.

“With the Autumn Budget approaching, we hope the government recognises the importance of increasing supply for tenants and uses it as an opportunity to make the market more attractive for BTL investors.”



Rental demand highest this year but supply down: ARLA

ARLA Propertymark has released its Private Rented Sector report for July, which shows that tenant demand has increased 13 per cent annually, while rental supply has fallen 4 per cent within the same time frame. This amounts to 79 prospective tenants per letting agent (the highest level yet in 2018, and the highest since September […]


Rent hike expected in 2017: ARLA

Following the Autumn Statement announcement that letting agents will be banned from charging fees to tenants, 80 per cent of agents expect rent hikes next year. A report from the Association of Rental Letting Agents found that in November, the number of tenants experiencing rent increases decreased to 16 per cent, a fall from 18 […]


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