Demand presures on the PRS are not easing and still pushing up rents

Demand presures on the PRS are not easing and still pushing up rents

10:42 AM, 27th June 2022, About 2 months ago 3

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The latest Propertymark PRS report indicates properties available per branch are remaining static at 10, but demand from tenants is continuing to increase.

In May there was an average of 113 new applicants registered per member branch. 79% of agents reported a rise in rental prices and the average void period between tenancies has dropped to below 2 weeks.

Nathan Emerson, CEO of Propertymark said: “Pressures on the sector are not easing, especially in England given that the recent Renters’ Reform White Paper has now been published. What’s important, is that landlords understand that this paper is a set of proposals and that there is still a process of debate and discussion before any legislation is brought in.

“The UK Government have also committed to ensuring landlords have access to their properties via a revised Section 8 notice. Given the ever-widening gap between supply of homes and demand, it is crucial that Government’s across all nations prioritise reforms that incentivise new and existing investment in the sector.”



Comments

Bristol Landlord

21:02 PM, 27th June 2022, About 2 months ago

“The UK Government have also committed to ensuring landlords have access to their properties via a revised Section 8 notice.”
Does anyone actually believe anything this Government claims to have “committed to” when it comes to the rights of Landlords?
If so, then I have London Bridge for sale.

DSR

7:47 AM, 28th June 2022, About 2 months ago

Reply to the comment left by Bristol Landlord at 27/06/2022 - 21:02
'access to...' does not mean anything 'timely and full possession of...' is key

CMS View Profile

1:00 AM, 29th June 2022, About 2 months ago

Reply to the comment left by Bristol Landlord at 27/06/2022 - 21:02
I'm with you here. I don't think I would take the Govt's word for being committed to anything however i have said from the start of the proposed s21 abolition that they cannot and will not just leave it at that. For example, if the Govt refused to acknowledge the ending of a tenancy for sale by the landlord they would effectively make landlords potentially interest only mortgage companies for an indeterminate term. It won't happen.

I have written a few articles on the subject and posted them in comments on other threads...but where who knows...

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