Rent Costs Hit Record High

The private rented sector has seen sharp rent increases due to the tenant fees ban, an outflow of landlords from the market, and Brexit uncertainty. The supply of rental accommodation increased in 2019, from 187 on average per branch in 2018, to 197 this year. As landlords continued to feel the pinch, the number of buy-to-let investors selling their properties remained high, at an average of four in 2019. In April, the figure spiked to five per branch. The number of tenants experiencing rent hikes hit a record high this year, rising from an average of 26 per cent each month in 2018, to 46 per cent on average this year. Read more on the ARLA website.

https://www.arla.co.uk/news/december-2019/prs-2019-trends/