More landlords keeping rents down during pandemic

More landlords keeping rents down during pandemic

10:23 AM, 17th December 2020, About 6 months ago 3

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ARLA Propertymark’s Private Rented Sector (PRS) report has confirmed that the number of landlords not increasing rents for tenants during the pandemic emergency has again fallen for the third month in a row

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.”

 



Comments

by moneymanager

10:48 AM, 17th December 2020, About 6 months ago

"keeping rents down", that's a joke, 100% voids and no viable enquiries.

And to make matters worse still Jenrick's dysfunctional response to Grenfell has resulted in this building (no ACM or similar, mostly brick slips and render) having service charges hiked by 40% with the majority of that being gouged by the buildings insurance and of which the aristocratic landlord takes a cut!

by user_ 7167

11:18 AM, 17th December 2020, About 6 months ago

Obfuscated Data

by TrevL

13:41 PM, 17th December 2020, About 6 months ago

Reply to the comment left by Chris Harris at 17/12/2020 - 11:18
Yeh, the spin in that article is so duplicitous I can't understand what agenda it's trying push....


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