Inflation Flat, Rents Soaring And Letting Agents Are Still Whining

the void

chicago-rent-strike1On the same day it was reported that inflation had dropped to 0% a report from the Association of Residential Letting Agents (pdf) gleefully announced that rents are rising due to soaring demand for housing.
31% of letting agents reported rent increases between January and February with rises highest in the South East and “intense competition” for housing in London. Even the language used reveals a private rental sector that is broken beyond repair.

Tenants are customers, they should not be in competition for housing, landlords should be in competition for tenants. Even by the vile standards of a free market run rampant that is how it is supposed to work. No-one is in competition to shop at fucking Tesco. And yet even during this boom time for letting agents and landlords they can still find something to complain about.

The report warns that 70% of letting agents say landlords…

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