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More problems ahead for private tenants

Tuesday, 20 December 2011 11:24 AM

Conditions for tenants in the private rented sector are likely to get worse before they get better, according to a leading industry group.

The Association of Residential Letting Agents (ARLA) says the severe shortage of homes will continue well into 2012, particularly in London and the South East.

Operations manager Ian Potter said: "Almost three quarters of ARLA members (74 per cent) already report that there are more tenants than available properties, and this is a story we're likely to see worsen.

"However, there is some anecdotal evidence in parts of the country that stock levels of rental property could be increasing."

ARLA also fears arrears and repossessions in the sector could rise as unemployment hits its highest level for 15 years.

But it welcomed the increased scrutiny that could be on the way as a result of the private rented sector review proposed in the housing strategy.

ARLA president Tim Hyatt said: "An improvement in the standards of consumer care in the PRS could be the silver lining of the post-recession cloud currently covering the housing market. Lettings is an unregulated industry which means unethical letting agents, and landlords, are able to exist unchallenged."

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