![]() ![]() The DCN says landlords are leaving the market due to the impact of the pandemic, with tenants unable to afford their rents, landlords requiring to move into a property themselves and a rise in ‘staycations’, leading to a boom in the short term holiday let market. The authorities are warning that the housing benefit many suffering hardship receive will likely not be sufficient in the longer term, as the government looks set to keep Local Housing Allowance rates, which determines the amount of benefit received, frozen over the next year. ![]() ![]() The DCN says this news comes at the same time as a report by Zoopla revealed that rents in the private rented sector have reached a 13 year high, with a six per cent increase in the last year.Ĭouncils are reporting that this rise is forcing some long term tenants to apply for hardship support from their local authority, with some council areas seeing rents rise to over a third higher than the average salary in their local area. One council in a popular tourist destination in the south-west of England has reported a nearly 80 per cent drop in the number of open market, long term rental accommodation available in their local authority area over the last three years, with many landlords leaving the market or providing short term accommodation for holiday makers instead.
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