ARLA Propertymark reveals trends and expectations for 2018
In a press release yesterday from ARLA Propertymark, they analyse their lettings data for 2017 to reveal trends and expectations for 2018.
To read ARLA Propertymark’s 2017 overview of the private rented sector in full click here
David Cox, Chief Executive, ARLA Propertymark comments on the findings:
“It was always going to be an interesting year, following the announcement of the letting agent fee ban in last November’s Autumn Statement. I think we’re starting to see a consolidation of some agencies in the industry as the fee ban looms, which could explain why the number of properties under management has increased. Landlords are becoming more selective about their property investments in light of last year’s Stamp Duty Land Tax (SDLT) changes. Mortgage Interest Relief (MIR) is starting to bite which is why we saw an increased number of landlords selling up. It’s likely that as we move into 2018, tenants will continue to see rent increases as supply starts to reduce, demand continues apace, and legislative changes increase costs for landlords.”
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