Renters Rights Act to blame for latest rent rises – claim
Summary
New government figures show UK private rents continuing to rise, with the article attributing part of the pressure to the Renters Rights Act and its effects on landlord behaviour and supply. Commentary from market participants suggests reduced stock, stronger tenant demand and more cautious landlord referencing are all contributing to firmer rents across the UK.
Why it matters
Residential surveyors involved in valuation, lettings and market commentary need to understand the drivers behind rental inflation, especially where legislative change is affecting supply and tenant behaviour. The article also highlights regional variation that may influence local market assessments and advice to clients.
Key points
- UK average private rent rose to £1,393 in July, up 3.7% year on year.
- England, Wales, Scotland and Northern Ireland all recorded annual rent increases.
- Commentators link higher rents to reduced supply as some landlords leave the sector.
- Landlords remaining in the market are reportedly seeking stronger references and adjusting asking rents.
- Rental growth varies by region, with the North East strongest and London remaining the most expensive.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
