The average number of new tenancies agreed per lettings agent branch climbed to around eight in the first month of this year, a new report has revealed
Rent arrears jumped by 44% to an average of £2,597 during the final three months of 2024, latest year-on-year figures reveal, while on a quarterly basis they increase by 26%.
The average number of available rental properties at letting agencies jumped to a two-year high last November.
Landlords have criticised the Government’s plan to raise the minimum period of rent arrears from two to three months before they can be served notice to repossess.
