+ +
You are here: Home - Buy to Let - News -

Third of landlords hiked rents in December

0
Written by: Lana Clements
29/01/2021
Bad news for tenants as many landlords were able to increase their rental income last month
Third of landlords hiked rents in December

The number of landlords who increased rents grew in December in the first rise seen in four months.

Just under a third of rents were raised compared to 28% in November, according to agent trade body ARLA Propertymark.

The number of landlords selling their buy-to-let properties remained the same as November, according to ARLA with just four per branch – this was also the same level as a year previously.

The number of prospective tenants dipped in December month-on-month but was still around 8% higher year-on-year.

Regionally, the West Midlands had the highest number of new tenants registered per branch, while London had the second highest figure.

Mark Hayward, chief policy adviser at Propertymark, said: “The slight fall in prospective tenants and properties managed per branch during the month of December is consistent with the usual seasonal lull, and testament to the current steady rental market.

“Letting agents are continuing to support landlords and their tenants during these ongoing difficult times, and it is imperative that tenancies are maintained to keep the rent flowing. The continuity of the private rental sector is vital to the nation’s economic bounce back from the Covid-19 pandemic.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2020-2021

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
Welsh ministers eye further clampdown on second homes

There is 'growing concern' in some parts of Wales about the impact of second homes

Close
+ +