November 2016 - Rents in England and Wales hit second highest peak ever recorded by Your Move
Arrears levels drop in October
Tenant finances improved compared to the previous month with a lower proportion of renters in arrears, Your Move found. Some 9.3% of all tenancies had arrears of a day or more in October, well below the 11.7% recorded in the previous survey.
In addition to this positive monthly result, 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 22,686 in October 2016. This is below the 36,502 cases recorded in the previous month.