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As we were saying…

Wednesday, January 11, 2017 7:31
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From City AM (bottom of page 7 of this pdf version):

RENTS in the UK are moving towards an “affordability ceiling” as rental growth more than halved over 2016…

Martin Totty, Homelet’s chief executive, said: “While demand for rental property remains strong, landlords always have to be mindful of tenants’ ability to pay higher prices. We have now begun to approach an affordability ceiling, particularly in areas of the country where rental price inflation was previously highest.”

Some commentators in the property industry have said measures that increase landlords’ costs — including chancellor Philip Hammond’s decision to scrap letting agents’ fees for tenants – will push up rents. However, Totty said increasing rents could become “problematic” in parts of the country that are already expensive, as tenants simply won’t be able to afford higher prices.

So much to the KLN “landlords will pass on the LVT”, eh?


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