ARLA confirms landlords ‘rough ride’ is being passed on to tenantsMake Text Bigger
The Latest figures from the ARLA Propertymark report shows that in August agents reported 35% of landlords increasing rental costs to tenants. This figure has risen from 27% last year and is the highest figure since July 2015 at 37%.
This compares to only 2% of tenants who were able to achieve a rent reduction.
Demand from new tenants looking to rent per ARLA member letting agents increased to 72 per branch and the average number of properties landlords were looking to sell per branch was 3 out of an average 189 properties per branch.
ARLA Propertymark chief executive, David Cox, said: “This month’s findings paint another bleak picture for tenants. In November last year, only 16% of agents saw landlords increasing rent costs, but that figure now stands at 35%, which is likely to continue rising.
“Landlords have had a rough ride at the hands of policy changes at government level, and it’s becoming clear that these additional costs are now being passed onto tenants.”
Please see the graph below and for the full ARLA report please Click Here
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