NLA Report Shows Landlords Are Happy With Rental Prices

07 June 2012 Categories: News

NLA Report Shows Landlords Are Happy With Rental Prices

The latest Quarterly Tenant Index released by the National Landlords Association (NLA) has shown that nearly two thirds of the landlords questioned are happy with the rents they currently get from their buy to let properties, and that despite reports of increasing rents they have no intention of asking more from their tenants in the near future.

The report, which was released earlier this week, claims that 63% of landlords have failed to increase their rents by even the smallest amount during the last 12 months, meaning that the average rent in the private rental sector now stands at £746 per month.

This reluctance by landlords to add pressure to already struggling tenants seems to be paying off though with nearly half of tenants remaining in their rental properties for more than four years.

Chairman of the NLA, David Salusbury, commented on the report’s findings saying, “The research shows that most landlords have not increased their rents in the last 12 months. With the cost of living increasing for everyone in theUK, it’s encouraging that many landlords are not seeking to impose an additional financial burden onto their tenants.”

He then went on to say, “There are many landlords who take great professional strides to ensure they are doing the best by their tenants – it’s good to see their efforts come to fruition.”