More than a quarter of letting agents in the UK reported that rents increased for tenants in May, the highest level since July 2016, the latest industry data shows.
Some 27% said rents rose and for the second month in a row and private rents have now increased by 1.8% in the 12 months to May 2017.
Only a very small percentage of tenants successfully negotiated a rent reduction, according to the private rented sector report from the Association of Residential Letting Agents (ARLA).
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Invest for Property. The information provided on Invest for Property is intended for informational purposes only. Invest for Property is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.
