Private rent arrears are rising

slump in buy-to-let investment
Tax and regulatory changes have resulted in a slump in investment in the buy-to-let sector.

The latest survey of arrears in England and Wales – produced by letting agencies Your Move and Reeds Rains – suggests the level of arreas now stands at 9.1 per cent of all rent due in the private sector, compared to 8.8 per cent a month earlier and just 7.4 per cent a year ago. This position though is still significantly better than the long-term highest arrears level of 14.6 per cent of all rent payable back in February 2010.

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