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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.

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