Welcome to the September PRS Statistics Bulletin from RLA PEARL. We have the latest rental index and house price updates, and buy-to-let mortgage activity.
Welcome to the August PRS Statistics Bulletin from the RLA Private renting Evidence, Analysis and Research Lab (PEARL). We have rounded up all of the latest housing statistics and data updates from across the private rented sector and compiled them into one easy to digest bulletin.
Homes are no longer being used for long term accommodation. With the rise of the sharing economy, people are using homes to provide accommodation to millions of tourists globally every year. In London alone, Airbnb listings have grown by 60% in just over 12 months.
Nearly 135,000 homes are being lost to short term lets on platforms such as Airbnb. Landlords are now switching due to the loss of mortgage interest relief.
An increasing number of properties in London are being used for short term lets on websites like Airbnb and are no longer available for long term renting.
The private rented sector has experienced significant change over the past 2 years; from regulative change to the reform of taxation. All at a time when the private rented sector is increasingly important in the provision of homes for millions of people.
The findings of this report present a stark account of issues associated with the introduction of universal credit. 38% of landlords with tenants on Universal Credit have experienced rent arrears in the past 12 months.
Private sector tenants face a perfect storm with the supply of homes to rent set to fall as demand increases. Our latest research involving a survey of almost 3,000 landlords found that 22 per cent plan to sell at least one of their properties over the next year, with just 18 per cent planning to buy additional properties to rent.
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Regulatory duty has meant that all rented properties have to be at least an E rating by April 2018. This research explores the consequences of this policy.