Buy-to-let landlords will be concerned to learn that average rent debts still owed by renters as a result of the pandemic have increased by 41% since May, according to new research.
A survey of more than 2,000 private renters in England and Wales by research consultancy Dynata for the NRLA found that average Covid-related rent arrears owed by affected tenants had increased to £1,270, up from £900 in May.
Whilst the proportion of tenants who had built arrears since March last year that still needed to be paid off had almost halved to 3.7%, from 7% in May, this still amounts to over 430,000 private renters.
Read the full article on Property Industry Eye | DECEMBER 9, 2021 | MARC DA SILVA
Estate Agents
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