Latest News

Plans for Jobs: increased financial support

22 October 2020

The UK Government announced today, 22 October, further funding added to the new Job Support Scheme for businesses facing more hardship through the tiered systems introduced last week. Read More...

The tenancy deposit protection lessons TDS learnt in 2020

22 October 2020

As we move through the difficult times of 2020, Tenancy Deposit Scheme (TDS) takes a retrospective look at how challenges in the private rented sector have happened and how the property industry has managed them guiding agents to deal with or even avoid some issues in the future. Read More...

UK housing market remains undeterred

21 October 2020

Despite COVID-19 limitations, agents have been largely permitted to open in areas where local lockdown restrictions have been enforced, and house moves have still progressed. It seems yet again, the pandemic hasn’t been a deterrent for buyers and renters determined to make a change. Read More...

Demand from tenants continues to reach record levels

Tuesday 29 September 2020

Propertymark’s Private Rented Sector Report for August shows a record-breaking month with the number of new prospective tenants continuing to rise, along with the average letting agent branch registering 101 new tenants, breaking July’s previous record.

Rental property demand

208 rental properties were available per letting agent branch in August. This remained the same as the record-high figure recorded in July, which beat the previous record of 192 properties managed per letting agent branch in July 2017.

Tenancy length

We recorded an all-time high for the average tenancy length for the month of August, with tenants staying in their properties for 21 months on average. This figure was highest in the East Midlands with tenancies lasting 25 months and the lowest in the North East, lasting an average of ten months.

Rent increases

Tenants experiencing rent increases were on the rise in August, with nearly half of agents witnessing landlords increasing rent compared to 29 per cent in June and 39 per cent in July. Year-on-year, this is still 16 per cent lower than in August 2019, when the figure stood at 64 per cent.

Read the full report

Quote mark

I am thrilled to join Propertymark at such a pivotal juncture. Housing is arguably the most important portfolio within the economic playbook and I look forward to bringing my experience of regulation, Government oversight, and educational strategy along with my experience inside a number of different membership bodies, to bear on the next stage of the business’s development.

I welcome the opportunity to work closely with members over the coming months to ensure that we continue to serve them and represent their interests, enforcing high standards, and playing our part in shaping housing policy.

Tim Balcon

Angela Davey
ARLA Propertymark President