Predictions Show Prosperity For Landlords But Problems For Tenants In The Coming Years

01 November 2012 Categories: News

Predictions Show Prosperity For Landlords But Problems For Tenants In The Coming Years

The National Housing Federation (NHF) has predicted that private rents will continue to rise over the coming years, maybe as much as 35% if you go six years into the future. In its Home Truths 2012 report, the NHF presented figures that show private rents have risen by an average of 37% over the last five years, and according to the report these rent increases show no signs of slowing down.

While this prediction spells prosperity for landlords it could also spell a sharp increase in rent arrears as more tenants struggle to find their rent each month. Chief executive of the NHF, David Orr, commented on the findings of the report saying, “We now have millions of families struggling to keep on top of their rents, priced out of the housing market and nearly 10,000 more working families every month are now reliant on housing benefit to help pay their private rent.

“This cannot continue; we need action now to address the causes of rising housing costs, not just the symptoms. Only by addressing the chronic undersupply of new homes can we stem the financial pressure on families and Government.”