Summary of our findings

  • The supply of rental accommodation dropped slightly in 2018, from 189 on average per branch in 2017, to 187 this year. It reached an annual high in October, when letting agents were managing 198 per branch.
  • As landlords continued to face legislative change, the number of buy-to-let investors selling their properties increased from an average of three in 2017 to four in 2018. In April and May this year, the figure spiked to five per branch – the highest since our records began in 2015.
  • The number of tenants experiencing rent hikes also increased this year, from an average of 25 per cent each month in 2017, to 28 per cent on average this year.
  • Agents reported a spike in the number of prospective tenants searching for homes in July, when 79 were recorded per branch, compared to 68 on average across the year.

Supply of rental properties

Supply of rental property
Highest

198
October

Average

187

 

Lowest

175
February

Number of prospective tenants

Prospective tenants
Highest

79
July

Average

65

 

Lowest

50
December

Percentage of agents witnessing rent hikes

rent hikes
Highest

40%
August

Average

26%

 

Lowest

18%
December

 
The number of landlords exiting the rental market is rising, and those who aren’t worried about it yet, should be. Buy-to-let investors have faced a huge amount of legislative change over the last 18 months alone, and as costs rise, they are being driven out of the market and new ones are being deterred from entering. The Government is developing a joined-up approach for legislating the private rented sector, but until this has been put into action and the market is made more attractive for landlords, rents will continue to rise, competition will intensify, and tenants will continue to suffer.
David Cox Former Chief Executive | ARLA Propertymark

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We've combined all of the monthly reports into one document so that you can quickly get a detailed look at our findings from 2018.

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