Rising rent prices across the country show no signs of abating with prices in the north showing larger increases than in the south.

The ARLA Private Rented Sector (PRS) report shows the number of tenants experiencing rent rises fell marginally in September, but 58% of the agents that responded stated that rents on the whole are still going up. Year-on-year, the figure for rent rises is up from 27 per cent in September 2017 and 31 per cent in September 2018, as they remain high. Tenants in the North East of England were the worst affected with 86 per cent of agents witnessing an increase in rent prices.

In Nottingham, rents have risen consistently for the past three years, driven in no small part by Selective Licensing, Landlords exiting the market, huge student numbers, and more recently by the Tenant Fee Ban. 

Properties in the city appear to be seeing the highest rises as demand massively outstrips supply, and agents across the city are increasingly fully let. 

See the full ARLA report here. https://www.arla.co.uk/news/october-2019/no-relief-for-tenants-as-rent-costs-remain-high/

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