The number of letting agents reporting rent rises over the past month is the highest for over a year according to the latest snapshot of the market by ARLA Propertymark.
It says that in June the number of agents who saw landlords increasing rents for tenants rose to 31 per cent, up from 27 per cent in May. This is the highest level since April 2016.
The number of properties managed per member branch increased marginally in June, to 190 – up from 189 in May. Year on year, this figure has increased by eight per cent. In June last year, letting agents managed just 176 properties on average
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This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
