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January 2017 - London rents end year at £1,291, just £10 more than a year ago
Arrears levels look healthy
Tenant finances continue to outperform the levels seen in the summer months, although arrears did tick up between November and December. Your Move found that 8.7% of all tenancies had arrears of a day or more in December, above the 8.3% found in the previous survey.
The proportion of tenants in arrears remains 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 21,080 in December 2016. This is above than the 18,127 cases recorded in the previous month.
