Summary
The Association of Letting Agents (ARLA) has been compiling its monthly Private Rented Sector Report, which is based on a survey of around 400 of its ARLA member branches on a monthly basis since 2015. In 2017 ARLA became part of Propertymark, an organisation combining a number of property groups including the National Association of Estate Agents (NAEA).
The ARLA Propertymark Private Rented Sector Report covers key rental sector issues including supply and demand, monthly rental prices and management of buy to let properties.
Previously ARLA had published a quarterly review of the buy to let sector, which was based on a survey of around 2,000 investor landlords and letting agents. This also contained a buy to let index of the return on investment for landlords.
Data
Information provided includes the average supply of rental properties and number of prospective tenants per branch of letting agent.
In addition, the ARLA Propertymark Private Rented Sector Report also details the proportion of letting agents witnessing rent rises as well as the void period between tenancies and average length of a tenancy.
The information is provided as a per branch average, including a regional breakdown.
Method
The survey is carried out at the beginning of each month by Opinium research.
Advantages
- The monthly data and analysis offers an interesting, up to date snapshot of the rental property market.
- It is presented in an accessible format with clear bullet points that are easy to navigate.
Disadvantages
- The Private Rented Sector Report does not include data about average rents, which are of interest to both tenants and landlords.
Verdict
The ARLA Propertymark Private Rented Sector Report is one of the most detailed in the UK about the residential property market and provides key data for professional landlords and potential buy to let landlords alike. But the lack of data about average rents makes it of little interest to a consumer audience.
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