Rising rents and an increasing number of households
renting meant that 2017 was a record year for rent, with the total rent bill
rising to £1.8 billion, according to the latest figures from Countrywide. Meanwhile,
ARLA Propertymark’s latest survey of its letting agents reveals that almost one
in five (19%) tenants saw rents go up in January 2018 – as compared to 16% in
December. The number of properties its letting agents managed dropped by 8% in
January, with 185 properties per branch, compared with 200 in December 2017.
Read more on the Moneywise website.
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