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TODAY'S OTHER NEWS

Demand for rental accommodation hit record high for month of February

Demand from new prospective renters hit the highest level on record for the month of February, new figures show. 

The data, compiled by ARLA Propertymark prior to the coronavirus outbreak being declared a pandemic, reveals that 82 potential tenants registered per letting agency branch in February, up more than a quarter from the previous high of 65 in February last year. 

With demand from renters growing, the number of tenants experiencing rent hikes in February increased by 34% year-on-year.

Demand for rental accommodation hit record high for month of February

Meanwhile, the number of landlords selling buy-to-let properties in February rose for the first time in nine months. 

  • Daniela Provvedi

    LOL!! This statement makes me laugh....
    "Meanwhile, the number of landlords selling buy-to-let properties in February rose for the first time in nine months".
    What did they expect?

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    ARLA, Mr Cox why are you shouting for more Regulations especially at a time when the whole industry is Collapsed under the weight of unfair Regulation driving it to extinction, you are supposed to be there for Letting Agents and do your best to destroy them, is it not enough for them to have been fined £1.2m so another take out of the Industry, (or is it fools day). I agree with you that many LL's don't use Agents anymore and not because we don't want to, its because all the other Regulations & unfair tax hikes that has taken the money , coupled with the Local Authorities taking the cream with no input and they used never be involved in the Private rental Sector until they could do no more damage to Public Sector housing then mutated onto us. Why can't ARLA ever give us an up to date reference to the housing market, this is February's data so its History not news we all know what happened since, and no help for LL's then only headlines, it doesn't matter about us we won't catch anything and if we do good riddens isn't it..

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    Bet you will NOT get any answer from that joke of an organisation!!!

    I wonder what it is like to get beaten up by Shelter and The Government ever day you go into the office. And then you have to realise that you have done nothing for the people who pay you.

    Pretty thick skinned I would say.......

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    What about hiring a PR Agency?.....They know how to do it.
    Simple and MUCH cheaper than this lot.

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    I can't blame the Tenants for not paying, if they have any sense, they would need to be stupid and Government telling them not to pay, that's about the size of it.

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