More landlords keeping rents down during pandemic

Figures for the November report show only 28% of ARLA agents witnessed landlords increasing rents compared to 37% in October and 40% in September.

The number of landlords selling their buy-to-let properties remained the same as October’s figure of four per branch. Year-on-year this is the same figure as November 2019. This figure is probably still low due to the emergency evictions ban.

Chief Policy Advisor, Mark Hayward, said:

“The consistency in this month’s figures exemplify the steadying wider rental market, with letting agents continuing to support landlords and their tenants during these ongoing difficult times.

“The continuing fall of increased rents in particular is testament to the understanding being shown across the sector. As the UK experiences ever-changing lockdown measures and regional restrictions, it is vital that tenancies are maintained to keep the rent flowing, as the stability of the private rental sector is essential to the wider economy’s bounce back from the COVID-19 crisis.”