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Buy to Let index

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.

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