Property to rent in London experiencing tenancy payment boost?
Those letting flats to rent in London may be interested to hear that new statistics have shown the recession has not had much of an adverse effect on tenancy payments.
Figures from LSL Property Services showed while 16 per cent of landlords did report a rise in the number of people in rent arrears over the past 12 months, 84 per cent said there had either been a fall or no change, the Press Association reports.
Furthermore, those who did identify an increase in late payments said it was only a slight difference from the previous year.
According to the lettings group, rent arrears for the month of July totalled £213 million, which it noted as the lowest level since it started collecting figures around 2.5 years ago.
The data followed the latest figures from Land Registry, which showed house prices are currently on the rise, with a year-on-year increase of 6.7 per cent.
Posted by Ben Carter
Published 2nd September, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
People renting properties in London and the rest of the UK are managing to keep up on their payments, according to new research.