Number of properties available to rent slowly rising according to ARLA Propertymark

Latest ARLA Propertymark Private Rented Sector Report – June 2018 headlined ‘Rising Rents Hit 10 Month High’.

The report reveals that the number of tenants experiencing rent hikes rose to 35 per cent in June, up from 28 per cent in May, this is the highest level since August 2017 when the same 35 per cent of landlords increased rents for tenants.

The number of rental properties letting agents managed increased by 3 per cent in June, and the number of tenants looking for new homes also increased according to ARLA Propertymark.

David Cox, Chief Executive said:

“It’s positive to see the number of properties available to rent slowly rising but it still isn’t anywhere near enough to slow down the pace of rent rises, which are continuing to climb.

“Over the last few years, we’ve seen taxes to both purchase and let a rental property increase. This combination – coupled with continued regulatory change – has unsurprisingly started pushing landlords out of the market. We predicted back at the end of last year that renters would be in for a rough ride in 2018, and we warned Government about the impact on the market. Our fears are now being realised and renters are suffering as a result.”

Read the Latest ARLA Propertymark Private Rented Sector Report – June 2018 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.

You May Also Enjoy

Breaking News

Record number of contacts for The Property Ombudsman

• 73,035 consumers contacted The Property Ombudsman in 2024 • 19,495 property businesses registered • £1.49 million awarded to consumers • 7,823 enquiries were related to tenant issues • 4,980 cases resolved by early resolution and formal investigation • 71% of cases resolved by formal investigation were found in favour of the consumer • 2,107…
Read More
Home and Living

Exercise Equipment Movers Services Los Angeles: 8 Excellent Ways for Easy Home Gym Relocation

The city of Los Angeles is a very vibrant city and one that presents challenges that are quite different from most other cities of the country. Los Angeles is known for having a diverse and vibrant culture which can be experienced both in small neighborhoods as well as in the city’s core. Los Angeles, a…
Read More
Estate Agent Talk

How to Choose an Air Conditioning Installation Engineer

With rising temperatures becoming more common in the UK, many homeowners are considering installing air conditioning systems to maintain comfortable indoor environments. However, selecting the right professional to handle your air conditioning installation is crucial for ensuring safety, efficiency, and compliance with regulations. This comprehensive guide will help you navigate the process of choosing a…
Read More
Breaking News

Over Half of UK Property Investors Plan to Expand Portfolios in 2025

  Portfolio Growth: 54% of investors intend to increase the size of their portfolios, with 73% aiming to diversify geographically and 75% sectorally, reflecting a strategic approach to growth. London Leads Again: Cited by 46% of respondents, London has regained its crown as the most attractive region, followed by the East of England at 42%.…
Read More
Home and Living

Why Walk-In Baths Can Enhance the Value of Your Home and Property

Walk-in baths are becoming an increasingly popular feature in modern homes, and for good reason. With an ageing population, a greater emphasis on accessible design, and a desire for luxury upgrades, walk-in baths offer both practical and aesthetic advantages. Beyond their health and convenience benefits, they can also significantly enhance your property’s value. Increased Accessibility…
Read More
Rightmove logo
Breaking News

Prices reach new record despite more subdued late Spring market

New seller asking prices rise by 0.6% (+£2,335) this month to a new record of £379,517. However, this month’s seasonal price increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth The traditionally strong late Spring market is more subdued following a busy…
Read More