Latest News

Energy Efficiency PRS Regulations in Scotland on hold again

15 January 2021

The Scottish Government has today, 15 January, announced the Energy Efficiency (Private Rented Property) (Scotland) Standards that were to come into law in April 2021, with the first standard requiring properties to have a minimum EPC rating D for new tenancies from April 2022, have again been postponed. Read More...

New building safety regulators proposed for Wales

15 January 2021

The Welsh Government’s Building Safety White Paper covers all multi-occupied residential buildings, from houses converted into flats through to high rise apartment blocks. It sets out major reforms to how properties are designed, built, managed, and lived in whilst proposing clear lines of accountability and a stronger regulatory system. Read More...

Support growing for Fire Safety Bill amendments that add protection for leaseholders

15 January 2021

In November, the House of Lords passed an amendment to the UK Government’s Fire Safety Bill making changes to the current legislation to protect leaseholders from having to pay for historical fire safety remedial work, including the removal of dangerous cladding. Read More...

Continuous drop in tenants experiencing rent increases

Thursday 17 December 2020

For the third consecutive month, ARLA Propertymark’s Private Rented Sector (PRS) report has confirmed that the number of landlords not increasing rent and respecting the financial positions of tenants during COVID-19 has again fallen.

In the latest report covering November, less than one in three (28 per cent) of agents witnessed landlords increasing rents compared to 37 per cent in October and 40 per cent in September. This is four per cent lower than in November 2019, when the figure stood at 32 per cent.

New tenants

The average number of new prospective tenants fell in November to 65 registered per branch from 88 in October. Regionally, the North West had the highest number of new tenants registered per branch with an average of 121, and Northern Ireland recorded the lowest number with an average of 26.

On the books

From 213 in October to 214 in November, the number of properties managed per letting agent branch rose slightly. Year-on-year this is an all-time high for the month of November, beating last year’s previous record at 202 in November 2019.

Selling up

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.

Read the full report

Quote mark

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.

Mark Hayward

Mark Hayward
Propertymark Chief Policy Advisor