Landlords face a crisis that will be ‘worse than during pandemic’

The Telegraph has run an article claiming that landlords ‘will lose thousands of pounds in rent as the cost of living crisis pushes the number of households falling into arrears to an 11-year high – and a third more than during the pandemic.

The article can be seen here (subscription might be necessary) and discusses findings by the Centre for Economics & Business Research think tank that believes ‘Nearly one in 10 tenant households in England will fall behind on rent this financial year’

It highlights that the cost-of-living crisis is outstripping wages, showing the graph

Versus a graph showing an increase in rents

The whole tone of the article is a warning about the potential consequences of raising rents too high, and the likelihood of forthcoming arrears

 

 

 

 

 

 

 

 

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