View more on these topics

London landlords exiting market fastest: Arla

The number of landlords selling their properties in the capital last month was 125 per cent higher than the national average, according to data collected by Arla Propertymark.

London recorded the largest number of landlords listing their properties in February across all regions, with agents reporting nine buy-to-lets being put on the market per branch, compared to the national average of four.

Legislative changes and rising costs have led to landlords ether passing the added costs onto their tenants or exiting the market, adds the firm.

Arla Propertymark chief executive David Cox comments: “Back in December, more than three quarters, 78 per cent, of Arla Propertymark members predicted that the number of landlords operating in the private rented sector would decline this year, as they are driven out by rising costs.

“This trend is snowballing in London where, due to the capital’s higher costs, landlords are struggling to make ends meet.

“This means tenants will continue bearing the brunt, as competition for good quality properties increases, and rent costs rise.”

Recommended

Number of renters seeing prices increase drops again: Arla Propertymark

Arla Propertymark have issued its November PRS report, and it shows the number of tenants seeing their rent increasing falling for the third consecutive month. The survey outlines that tenants reporting upped rents has dropped by 10 per cent from September to November, standing at 21 per cent for last month. However, year-on-year the quantity of […]

Spring Statement Pounds

New powers for student renters living in “squalor”

Rogue landlords who let out sub-standard student accommodation have been warned to clean up their act or they could face court action under new regulations. In a speech today, universities minister Chris Skidmore will hit out at private landlords who leave their student tenants without heating, hot water or living among mice and slugs. Research […]

Umbrella-Rain-Businessman-Protection-700.jpg

Attitudes toward income protection

Ross Jackson, Senior Protection Marketing Manager, Royal London  Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]

Newsletter

News and expert analysis straight to your inbox

Sign up