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...

Rent remains at record high for fourth consecutive month

Monday 30 September 2019

ARLA Propertymark’s Private Rented Sector (PRS) report shows that the number of tenants experiencing rent rises increased to the highest figure on record in August.

The number of tenants experiencing rent rises increased to the highest figure on record in August, with 64 per cent of agents witnessing landlords increasing them. This is a marginal increase from July where 63 per cent of agents witnessed landlords increasing rents. Year on-year, this figure is up from 35 per cent in August 2017 and 40 per cent in August 2018.

Tenants in Yorkshire and Humberside and the West Midlands were the worst affected with 80 per cent experiencing a rent increase.

David Cox, Chief Executive of ARLA Propertymark, said: “Although it’s positive to see that supply has risen, it is nowhere near enough to counterbalance the rapid pace of rising rents, which have reached a new record high for the fourth month running. Two thirds of agents reported landlords raising rents last month, which is a significant increase when compared with the two fifths of agents who witnessed rises in August last year.

“Unfortunately, the impact of the Tenant Fees Act will continue to be felt by tenants, as in order to keep their heads above water landlords will need to continue increasing rents to cover the additional costs they now have to bear.”

Other statistics show:

Supply of rental stock and demand from tenants

  • The number of properties managed per branch rose to 197 in August, from 184 in July.
  • Year-on-year is the same, supply is up by 4 per cent from August 2017.
  • Demand from prospective tenants also increased, with the number of house hunters registered per branch rising to 76 on average, compared to 73 in July.

Landlords selling their buy-to-let

  • In August, the number of landlords exiting the market remained at four per branch.

The full report