December 2016 - London rents end the year on all time high
Arrears levels drop in November
Tenant finances continued to show some improvement again this month, Your Move found, as the proportion of renters in arrears fell compared to October. Some 8.3% of all tenancies had arrears of a day or more in November, well below the 9.3% recorded last month.
As well as this monthly improvement, the long term trends continue to be encouraging. The proportion of tenants in arrears remain well below the all-time high of 14.6%, recorded in February 2010.
On an absolute basis, the number of households in serious arrears – defined as two months or more – was 18,127 in November 2016. This is less than the 22,686 cases recorded in the previous month.
This survey and its underlying methodology is created and reviewed in partnership with Cebr. It is based on analysis of approximately 20,000 Your Move properties across England and Wales.