Rent check - stats

For all those landlords that like a good smattering of statistics this latest press release will provide some welcome relief.  Provided courtesy of a survey conducted by BDRC for Allsop LLP using data collected by interviewing over 1,500 landlords.  An accurate reflection?  The stats 'reveal':

• 87% of landlords achieve their listed asking rent – or higher
• 61% of landlords are confident in the prospects for their own letting business
• 41% of all surveyed landlords have agreed higher rents over the past 12 months, compared to 7% who have agreed to lower their rents
• Almost a quarter of landlords (23%) plan to purchase further property in the next 12 months
• The average tenant stay in a rented property is now in excess of two and a half years.

 The private rental sector now has 3.8m homes within in it in England and the figure is rising.  Rents consume circa of 30% of tenants' income.

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