Research: Most landlords don't increase rent annually

New NRLA research shows most landlords don't increase rents annually - countering claims that increases across the sector are not as portrayed in the media.

The association asked landlords about the frequency in which they increased rents when collecting data for its regular Landlord Confidence Index. 

The results showed almost 80% of landlords do not have a policy of raising rents annually for sitting tenants, 28% saying they never raise rents during a tenancy. While this is the case at present there are suggestions within the same research report that some may reconsider their appoach, in the face of current economic pressures caused by rising interest rates,mortgage rates, inflation and the cost of living crisis.

NRLA research manager Nick Clay said: "The results here emphasise how the difficulties of rising inflation, rising interest rates and rising maintenance costs are building pressure on landlords.

"They are conflicted between raising rents, which many are reluctant to do or having to bear these costs themselves.  

"This is another reason why landlords are raising rents at the same time as confidence is falling, as many landlords know that raising rents risks losing good tenants."

You can view the most recent Landlord Confidence Index here.