Landlords feel the squeeze as more tenants struggle, but rent rises slow to 2.7%
A rise in the number of tenants struggling to pay their rent as household finances become more stretched, has been reported by almost half of letting agents.
According to the Association of Letting Agents (ARLA), 41 per cent of its members reported an increase in the number of tenants facing difficulties meeting their rental payments to landlords in the six months to March 2012.
That is up from 39 per cent at the end of 2011 and 37 per cent last autumn.
And the rental struggle has led to a surge of tenants attempting to ‘knock down’ the price of their rent when negotiating with landlords – up from 45 per cent to 51 per cent over the past three months.
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