- The number of tenants experiencing rent rises increased in January, with 26 per cent of agents witnessing landlords increasing them, compared to 18 per cent in December.
- This is the highest figure recorded since September, when 31 per cent of tenants were experiencing rises.
- Year on year, this figure is up 7 percentage points, compared to January 2018.
Figure 1: Average number of tenants experiencing rent hikes year-on-year
Supply of rental stock and demand from tenants
- The supply of properties available to rent rose to 197 in January, from 193 in December.
- Demand from prospective tenants also increased in January, with the number of house-hunters registered per branch rising to 73 on average, compared to 50 in December.