FREE tenancy agreement
FREE landlord software
The number of private tenants classed as being in severe arrears (two months or more behind on their rent) is now at the lowest level for two years. The figure for Q£ 2013 dropped to 69,000, – a 34 per cent drop from the 92,000 for the same period a year ago.
Private renters in serious arrears now represent 1.7 per cent of all tenancies in England and Wales, down from 2.4 per cent in the previous quarter.
David Brown, commercial director of LSL Property Services, believes this is due to improving tenant finances due to investment in the private rented sector and inflation slowing. ‘Investment in the private rented sector is accelerating. That’s helping to keep supply growing of homes to let. And in turn, better supply is the only real way to keep rental inflation under control,'
He went on to say ‘Over the last quarter, rents have consistently risen more slowly than shop prices, and wages and rents are now growing at a similar annual rate. Recently, that seems to have really helped tenants under financial pressure. But ultimately, many more homes will be needed for them to keep going round at an affordable rate.’
Private renters in serious arrears now represent 1.7 per cent of all tenancies in England and Wales, down from 2.4 per cent in the previous quarter.
David Brown, commercial director of LSL Property Services, believes this is due to improving tenant finances due to investment in the private rented sector and inflation slowing. ‘Investment in the private rented sector is accelerating. That’s helping to keep supply growing of homes to let. And in turn, better supply is the only real way to keep rental inflation under control,'
He went on to say ‘Over the last quarter, rents have consistently risen more slowly than shop prices, and wages and rents are now growing at a similar annual rate. Recently, that seems to have really helped tenants under financial pressure. But ultimately, many more homes will be needed for them to keep going round at an affordable rate.’
Landlord insurance - professional rates
Posts
No comments:
Post a Comment