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PRS Tenants experiencing rent increases remained high in September according to ARLA Propertmark

The latest ARLA Propertymark Private Rented Sector Report – September 2018 headlines ‘Rate of Rent Increases continues to Rise Year-On-Year’.

The report reveals that the number of tenants experiencing rent hikes remained high in September.

cox, the current Chief Executive said:

“Although the number of landlords increasing rents for tenants dropped in September, this figure is still alarmingly high, and it continues to rise year on year. Increasing costs and continued regulatory change is pushing buy-to-let (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.”

 

Allen Walkey

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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