ARLA Propertymark reponds to fees ban consultation in Wales

September 7, 2017

ARLA Propertymark recently responded to fees ban consultation for Wales.

They submitted their views to the Welsh Government’s consultation on fees charged to tenants in the private rented sector, arguing that if fees to tenants are banned outright landlords are likely to pass on higher agents’ fees to tenants in the form of higher rent.

Commenting following ARLA Propertymark’s submission, David Cox Chief Executive, said:

“Any move to ban letting agent’s fees in Wales will cause unprecedented damage to the rental sector across the country. Independent analysis commissioned by ARLA Propertymark, following the UK Government’s announcement of its own ban, revealed that if a full ban was introduced, rents will increase by £103 per year which will only serve to financially punish long term tenants.

Read the response from ARLA Propertymark in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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