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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...

Number of tenants negotiating rent reductions reaches all time low

Tuesday 28 January 2020

ARLA Propertymark’s Private Rented Sector (PRS) December report shows the number of tenants negotiating rent reductions fell to 1.1 per cent from 1.6 per cent in November. This is the lowest figure since records began.

However, on a positive note, the number of agents witnessing rent increases remained at 32 per cent which year-on-year, is still up from 16 per cent in December 2017 and 18 per cent in December 2018.

Demand on tenants

Demand from prospective tenants has now fallen for the third consecutive month with 56 prospective tenants registered per member branch. This is down from 67 in reported in November.

Supply of rental stock

The number of properties managed per branch rose from 203 in November to 206 in December. However, year-on-year the supply of rental stock has risen from 200 in December 2017 and 193 in December 2018.

Quote mark

Since the tenant fees ban came into effect, our data shows that rents reached an all-time high last year. While we have seen a slight drop in the number of agents witnessing landlords increasing rents since then, overall rents remain high and now it seems that tenants are finding it harder than ever to negotiate a reduction in rent.

As rents continue to rise, tenants will find it even more difficult to find suitable accommodation. Now that we have a new government in place, it’s important that long overdue legislative changes are implemented to make the market attractive again for both tenants and landlords.

Phil Keddie

David Cox
ARLA Propertymark Chief Executive

PRS report