Rent prices

• The number of tenants experiencing rent hikes rose to 35 per cent in June, up from 28 per cent in May
• This is the highest level since August 2017 when the same 35 per cent of landlords increased rents for tenants.
• This is a 13 per cent increase from June 2017.

Figure 1: Average number of agents witnessing rent hikes from June 2017 to June 2018

Demand from tenants

• The number of prospective tenants registered per member branch increased in June, with 71 per branch compared to 60 in May – a 18 per cent rise.

Demand from tenants

• The number of prospective tenants registered per member branch dropped significantly in May, with 60 per branch compared to 72 in April – a 16 per cent dip
• This is the lowest demand seen since December 2017, when there were 59 registered per branch.²

Landlords selling their buy-to-let

• The number of landlords exiting the market decreased to four per branch in June.