The Property Hour: The rising costs for tenants and landlords

There has been a sharp rise in the number of tenants experiencing rent rises following the introduction of the tenant fees ban, new data shows.

The average number of tenants experiencing rent hikes year-on-year for the month of June 2019 rose to the highest figure on record in June, according to ARLA Propertymark’s latest PRS report.

The trade body for letting agents reports that more than half – 55% – of its members witnessed landlords increasing rents in June 2019.

Also, due to a combination of crushing new government legislation and the present financial climate, the profitability of the buy-to-let sector is being squeezed beyond recognition and is far from what it once was.

On the Property Hour Show hosted by Bossman and Vicky, Mr Vikash Gandhi looked at the subject of rising costs for tenants and landlords, the contributing factors and how to mitigate against these costs.

Click here to listen to the podcast or which the full video below

The Property Hour Show is on live every Thursday at 7.00pm

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