Saturday, February 24, 2024
Landlords

Rents continuing to rise in private rented sector, say report

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).

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