Propertymark comments on latest ONS Private Rented Housing Index

Nathan Emerson, CEO of Propertymark, comments on the publication of the latest ONS Private Rented Housing Index for March 2022.

“Agents are reporting a record high number of applicants registered in our latest Private Rented Sector Report which is a 73 per cent increase from the previous year.

“74 per cent of agents are reporting rent rises due to the lack of private rented housing supply and in some cases, properties are receiving in excess of 20 per cent more in rent per calendar month. This is a real concern for households across England and Wales and the latest ONS Private Housing Rental Prices Index reiterates our growing concerns over the affordability.

“The UK Government has a blatant disregard for the importance of the private rented sector, continues to hit landlords in the pockets and provides no incentives for those providing good quality homes to remain in the sector. Given that the cost of living crisis is having a detrimental impact on many households, they must urgently prioritise introducing further investment in both the private rented and social sectors.”

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