PayProp | Rental Index Q3 2020
It is not at all surprising to see low rental growth continuing and high levels of arrears (both tenants in arrears and quantum of arrears) due to the impact of national restrictions on tenants’ pockets.
If we consider rental price growth and tenant arrears together, it’s clear that while the worst might be over, it will take some time for the market and economy as a whole to recover.
The Price Crash Continues
For the second consecutive quarter, year-on-year (YoY) rental price growth hit an all-time low in Q3 2020. This follows a general downward trend for the year, with May and September being the worst months.