40% of landlords increased rents over the last 12 months

by Aaron Strutt

May 25 2013

Around 41% of landlords have increased rents over the past 12 months, while just 7% have lowered them, according to figures from BDRC Continental and property consultancy Allsop LLP.

The findings were part of a 'Rent Check' survey that assessed 1,536 landlords from the private rented sector across England and Wales. The survey also highlighted that 87% of landlords let their property for at least the asking price.

Paul Winstanley, partner at Allsop LLP, says: "The demand for rented housing and the constraints on the wider housing market means that rented housing is likely to retain the same income dynamics for the medium to long-term. The rented sector is growing at such a rate that landlords will share in a secure and attractive return."

May 25, 2013