Latest News

Rent controls are not the answer

08 April 2021

On 6 April, Mayor of London, Sadiq Khan announced his manifesto ahead of the local elections in May 2021 with some key policy announcements that impact the housing sector, including proposals to introduce rent controls in the private rented sector. Read More...

Rent arrears mediation service information released

08 April 2021

Details of the UK Government’s housing possession mediation service was released yesterday, 7 April 2021, which was initially introduced in February 2021, as part of the current court process for housing possession cases. Read More...

Long term financial plan needed for greener property sector

08 April 2021

The UK Government announced that the Green Homes Grant Voucher Scheme launched last year will close to new applications on 31 March 2021, twelve months earlier than originally planned. Read More...

Surge in the number of prospective tenants seeking properties

Friday 26 February 2021

ARLA Propertymark’s first Private Rented Sector Report of 2021 covering January shows the number of new prospective tenants rose by more than 27 per cent compared to December 2020 indicating no sign of demand slowing down.

New tenants

81 new prospective tenants were registered per branch in January compared to 64 in December. Year-on-year this is lower than in January 2020 when the figure stood at 88 but is higher than January 2019 when the figure stood at 73. Regionally, Yorkshire & the Humberside had the highest number of new tenants registered per branch with an average of 138. 

Rent prices

Two in five (39 per centof agents saw landlords increasing rent compared to 30 per cent in December. Despite the increaseyear-on-year this figure is down from 42 per cent in January 2020.  

The number of tenants negotiating a rent reduction fell from 2.2 per cent in December to 2 per cent in January. This is, however, higher than during January 2020 when 1.3 per cent of tenants successfully negotiated a rent reduction. 

Supply of rental stock

Managed properties per letting agent branch fell from 204 in December to 196 in January, which is a slight increase from January 2020, when there were 191 properties managed per branch.  

Selling up

Landlords looking to sell their buy-to-let properties remained at four per branch which is the same number in January 2020. 

Read the full report

Quote mark

Our latest figures clearly show that the rental market isn’t indicating any signs of slowing down as demand for rental properties surged last monthLetting 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.  

Now have a route out of the current lockdown, it is vital that continuity in the private rental sector is maintained to continue to help the nation’s economic recovery from the pandemic. To do this, the Government must consider introducing financial support package for those tenants who have built up rent arrears due to the financial impact of COVID-19.

Mark Hayward

Mark Hayward
Propertymark Chief Policy Advisor