Latest News

Winter weather precautions

20 January 2021

Propertymark Industry Supplier, Gallagher offers practical steps that can help agents and their clients reduce the risk of damage to property as areas of the nation are set to see further warnings of more inclement weather to come. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption. Read More...

Concerns raised over new energy efficiency proposals

20 January 2021

Propertymark has responded to the UK Government’s consultation on Improving the Energy Performance of Privately Rented Homes in England and Wales by highlighting a number of concerns. These relate to affordability and the need to look beyond a one-size fits all policy and develop proposals that work with the different age, condition, and size of properties in the private rented sector. Read More...

Change smoke and carbon rules for earlier checks

19 January 2021

Propertymark has responded to the UK Government’s consultation on extending the Smoke and Carbon Monoxide Regulations in England, arguing that the rules should be amended so that landlords and agents must make sure the alarms are tested prior to the start of the tenancy and not on the first day of each new tenancy. Read More...

Licensing schemes are irresponsible in the current climate

19 January 2021

Propertymark has responded to a number of licensing scheme proposals from local authorities across England in recent months arguing that Councils who are pursuing the implementation of licensing schemes are being socially irresponsible. This is because in these unprecedented times landlords and agents are not able to comply with the requirements and Council resources are unlikely to be able to effectively enforce them. Read More...

Demand from tenants and rental supply highest on record for June

Thursday 30 July 2020

ARLA Propertymark’s Private Rented Sector (PRS) June report saw the number of new prospective tenants continue to rise, following the Government’s COVID-19 lockdown, with the average branch registering 79 new tenants, compared to 70 on average in May.

Year-on-year, this number of new prospective tenants is the highest recorded for this period, with a previous record of 71 in June 2019 but this is still down on pre-lockdown figures, when there was an average of 82 prospective tenants registered per branch in February.

On the market

Like the number of perspective tenants, the number of rental properties on the market also continued to pick up with amount of properties managed per branch reaching an all-time high. 200 properties on average were managed per branch which is down slightly from 208 in May, but still sets the market up for an active summer compared to the usual seasonal lull.

Rent rises

The number of tenants experiencing rent rises increased, with 29 per cent of agents witnessing landlords raising rent compared to just 14 per cent in May. However, this is still the lowest number for the month of June since 2016.

Void properties

The average time properties were empty between tenancies decreased to four weeks in June from five weeks during May. This is still the longest period on record properties have remained void between tenancies for the month of June, with a previously consistent figure of three weeks.

The full report

Quote mark

Our latest figures show that the rental market is continuing to pick up following the COVID-19 lockdown.

The record-breaking supply of rental stock and demand from tenants for this time of year paints an optimistic picture for the summer months, indicating that the market will be more active than the usual seasonal lull.

As the market continues to recover from the pandemic, it’s essential that everyone continues to keep up with their rent in order to sustain the market and help boost the economy during these uncertain times.

Phil Keddie

PHIL KEDDIE 
ARLA Propertymark President