The Association of Residential Letting Agents says the number of tenants successfully negotiating rent reductions has hit an all time low – another likely manifestation of landlords’ resolve after the fees ban. The latest ARLA market snapshot shows the number of tenants negotiating a rent reduction fell to 1.1 per cent last month from 1.6 per cent in November; the …
Agents and landlords saw both void periods and rents drop at the end of 2019, Goodlord claims. Analysis of new tenancies processed through the lettings platform in December found that void periods dropped from 24 to 19 days over the month across England and Wales, below the average for the year of 20 days. Five out of the eight regions …
RICS’ policy manager, Tamara Hooper, says: “Persistent government meddling in the private rented sector has dampened landlords’ appetites to invest and expand their portfolios, with many consolidating their assets, or leaving the sector altogether.” And she adds: “In addition, the regular changes to the PRS regime have decreased stability and standards for tenants. The government needs to stop tinkering with …
Industry association ARLA blames the fees ban squarely on a record number of member agents reporting tenants facing higher rents during June. The UK’s leading lettings industry association has claimed that rents are beginning to rise significantly as the predicted outcome of the tenant fees ban begins to roll-out across the housing market. Agents who have reported rising rents increased …
ARLA has said it is totally opposed to the introduction of rent controls in Scotland. The body has responded to a consultation on the Fair Rents Bill, which seeks to cap private rents across Scotland so that annually they cannot rise at over 1% above inflation. ARLA says in its response to the official consultation that rent caps will reduce …