Latest News

Government extends support to stop business evictions in 2020

17 September 2020

Robert Jenrick, Secretary of State for Housing, announced yesterday, 16 September, that all commercial tenants will be protected from the risk of eviction until the end of this year. Read More...

Evictions post 20 September 2020

17 September 2020

The UK Government has published an updated form relating to property possession claims brought before 3 August 2020 that must be reactivated. These relate to claims already received by the court. Read More...

Mayor of London calls for a two-year freeze on private rents

16 September 2020

Today, 16 September, the Mayor of London, Sadiq Khan, wrote to the Secretary of State for Housing, Communities and Local Government, Robert Jenrick, calling the Government to give him the powers to freeze private rents as the economic fallout from COVID-19 continues. Read More...

Demand from tenants highest ever on record

Thursday 27 August 2020

Propertymark’s Private Rented Sector Report for July shows a record-breaking month across the board, with increases in demand, supply, and average tenancy length.

Rental property demand

The report shows a new all-time high for prospective tenants, at 97 registered per branch. This record rise in demand compares to 79 prospective tenants on average in June, passing the previous peak of 88 in January 2020.

Supply of rental stock

In addition to this surge, it was also a landmark month for supply of rental stock, with the highest ever level recorded, beating July 2017’s record of 192. This average of 208 properties managed per letting agent branch was also a monthly increase from June 2020’s 200 properties per branch.  Wales had the most prospective tenants registered per branch showing an average of 201.

Positive indicators 

Average tenancy length was at an all-time high in July, with tenants staying in their properties for 21 months. Regionally, this figure was highest in the South East with tenancies lasting 24 months.

It appears that agents, landlords, and tenants are moving quickly to make the most of this momentum in the sector, as the average time properties were empty between tenancies decreased to three weeks in July from four weeks in June. These figures show a far more positive private rented sector ecosystem than is generally accepted with demand high and tenants enjoying longer tenancies.

Read the full report

Quote mark

Our latest figures show the rental market still continues to gather momentum following the reopening of housing markets across the UK.

We have seen a record-breaking level of rental stock, and demand from tenants continues to grow, providing a positive outlook for the future of the private rented sector. For the market to fully recover from the COVID-19 pandemic, it is vital that landlords have good communication with their tenants, and that they continue to keep paying their rents, especially in light of rule changes and announcements impacting notice periods and additional government financial support being offered to tenants and landlords.

Phil Keddie

Phil Keddie
ARLA Propertymark President