Number of rent rises hits 14-month high, says ARLA Propertymark
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