Wednesday, July 8, 2009
Buy to Lose – another nail in the coffin
Letting agents are reporting seeing a rise in the number of tenants struggling to pay their rent as unemployment rises, research showed today. Around 65pc of agents said they had seen an increase in the number of people falling behind with their rent in the past six months. A further 93pc said they had also seen a rise in the number of tenants haggling with landlords about rent since the beginning of the year, according to the Association of Residential Letting Agents (ARLA).