Tenant arrears creeping up again Central Housing Group

Tenant arrears are creeping up again, latest data shows

Data from Your Move’s England and Wales Rental Tracker shows that the number of tenant arrears has increased for the fourth consecutive month in April.

The agency found that 9.4% of all its tenancies were in arrears last month, up from 9.1% in March, 8.6% in February and 8.4% in January.

It says, however, that the proportion of tenant arrears remains well below the recent all-time highs of 14.6% recorded in February 2010 and 13.7% recorded in July last year.

As for average yields, Your Move reports that the East Midlands was the only region to record an increase between March and April – up to 4.3% from 4%.

In the North West and East of England, meanwhile, average yields suffered, dropping to 4.8% and 3.7% respectively.

The average yield across England and Wales remained steady at 4.4% during April.

The monthly study also looks at average rents and found that the strongest performing region was the South West where typical rental values have increased by 3% in the last 12 months and 0.3% on a monthly basis.

With an average rent of £654 and growth of 2.9% over the last year, the East Midlands was the next best performing region.

Wales and the North East are the only two regions to have recorded negative growth over the last year, dropping by 2.1% and 1.6% respectively in the year to April.

At the other end of the scale, London continues to have the most expensive rents in the country.

In April 2018 the average rent in the capital was £1,275, although prices have only risen by 0.1% in the last year.

Blog Post from Letting Agent Today

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48


Social Media Auto Publish Powered By : XYZScripts.com
Google Rating
Based on 110 reviews