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GE2019 - Party pledges and Propertymark

10 December 2019

Before the political parties finalised their manifestoes for the General Election on 12 December, Propertymark published its own ‘manifesto’ calling on the new Government to regulate and reform the housing sector. How do the major parties’ manifestoes meet Propertymark’s calls on the issues the property industry faces? Read More...

Propertymark and TDS matrix aims to simplify Tenant Fees Ban

10 December 2019

ARLA Propertymark and Tenancy Deposit Scheme (TDS) have created a matrix for landlords and agents to help explain the differences between the Tenant Fees Act 2019 in England and the Renting Homes (Fees Etc.) (Wales) Act 2019, which came into force in Wales in September. Read More...

Changes to Holding Deposit Laws follows Propertymark meeting with Welsh Minister

09 December 2019

On 4 December, David Cox, Chief Executive, ARLA Propertymark and Board Member for Wales, Angela Davey, met with the Welsh Housing Minister, Julie James AM, to explain the massive difficulties agents face when Governments give the industry very little notice of changes in legislation. The Minister has now extended the date the Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019 will come into force to 28 February 2020. Read More...

Agents given false documents and identities by members of drug ring

05 December 2019

Four men who headed up a drug ring property plot saw ordinary homes turned into illegal cannabis farms after providing false documents and identities to rent out the houses. Read More...

Rent costs fall but offer tenants little reassurance

Thursday 28 November 2019

ARLA Propertymark’s Private Rented Sector (PRS) report shows the number of tenants experiencing rent rises fell by eight percentage points in October. This is the lowest figure since June 2019.

However, year-on-year, this figure is up from 24 per cent in October 2018, and 22 per cent in October 2017.

Rent negotiations

The number of tenants successfully negotiating a rent reduction increased to 1.6 per cent from 1.2 per cent in September. Despite this increase, year-on-year this figure is down from 3.7 per cent in October 2018 and 2.5 per cent in October 2017. 

Supply and demand

The number of properties managed per branch rose by eight percentage points to 201 in October, from 193 in September. 

Year-on-year supply is also up from 198 in October 2018 and 182 in October 2017.

Demand from prospective tenants remained the same with 72 registered prospective tenants per member branch.

Quote mark

'This month’s figures show some temporary relief for tenants; however, while the number of landlords increasing rents has fallen, year on year the figure remains worryingly high. Even looking at the increase in the number of tenants negotiating rent reductions, which should be a positive thing, when comparing year-on-year it is less than half of what it stood at in 2018.

For far too long, successive governments of all political persuasions have passed significant amounts of complex legislation for landlords making the buy-to-let market a less attractive investment, and this coupled with Brexit uncertainty and a looming general election has left the sector strained. Unfortunately, rents are likely to remain high and tenants will continue to feel the pinch.'

Phil Keddie

David Cox
ARLA Propertymark Chief Executive

The full report