Rent arrears rise during June
By |Published On: 20th July 2015|

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Rent arrears rise during June

By |Published On: 20th July 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

A concerning new report has indicated that there was a sharp increase in rent arrears during June.

The survey, compiled by Your Move and Reeds Rains suggests that rent arrears made up 8.7% of all rent payable last month. This was noticeably higher than the 7.6% recorded in May of this year, and the 7.8% posted one year ago.[1]


Additionally, the agents suggest that annual rent increases hit 5.6% across both England and Wales during the last month. This represents the quickest increase since the firms began to record these figures in 2009. What’s more, the agencies say that rents are growing quicker than house prices on an annual basis, for the first time since July 2013.[1]

Average rental costs across England and Wales reached £789 last month, 1.4% higher than the £778 recorded in May.[1]

Rent arrears rise during June

Rent arrears rise during June

In London, rents have totalled a record high of £1,241, up a substantial 9.6% on the same time twelve months ago.[2]

Spokesperson for the agency, Adrian Gill, believes that further rent increases could be imminent. ‘In the wake of the Summer Budget’s reduced assistance for landlords, we might see many aim to pass additional costs onto their tenants. If so, rents would receive yet another acceleration,’ Gill stated.[1]




About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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