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Prior to 2015 we issued quarterly surveys of our member firms and of residential landlords. To access these surveys click the options below.
Full Report
Figure 1: Average number of tenants experiencing rent hikes year-on-year
Chief Executive
“As predicted, April’s findings have shown an upsurge in the number of landlords selling their buy-to-let properties. In just a few days’ time, on the 1st June, the Tenant Fees Act will come into force in England. This, coupled with the proposed scrapping of Section 21, is forcing landlords to either increase rents or leave the market altogether.
“As supply of rental accommodation falls further, tenants will only be faced with more competition for properties, pushing up rent prices on good-quality, well-managed properties and decreasing tenants’ ability to negotiate rent reductions. In order to remain profitable, landlords will increase rents to cover the additional fees they are now faced with and as a result, tenants will continue to feel the burn.”