Date Published 25 January 2024
* Just one quarter (24%) of landlords intend to increase rents in 2024, while 68% intend to maintain them at current levels and 8% plan to reduce rents.
* Rents have risen rapidly over the past few years. With an average increase of £135 extra per month since Q4 2022 and £450 per month since the same quarter in 2019, financial pressure on tenants has risen.
* Finding and retaining good quality renters is a key priority for landlords and highlights the importance of a good relationship. This may explain why the majority of landlords are looking to maintain existing rents.
* The main challenges anticipated in 2024 by landlords were the cost of maintaining, repairing and running properties, followed by legislative changes.
Source: Dataloft, Zero Deposit, TwentyCi
