UK Private Rental Sector Running Out Of Properties
According to the Association of Residential Letting Agents (ARLA), the private rental sector in the UK is running out of properties due to such high demand.
The self-regulating body states in its latest report that the private property rental sector is nearing capacity and that the number of new tenancies over the past year has been at a record high.
This corresponds with the fact that many Brits are struggling to get onto the housing market as fewer mortgage loans are being given and deposit requirements are high. Therefore, families all across the UK are turning to renting and as a result, the sector is running out of space to cater to demand.
ARLA claim that there are more tenants than properties as according to their latest survey, some 74% of respondents believe that demand is outstripping supply.
Findings from the study show that the demand in rental properties is high in London and the South East of England.
And furthermore, the length of tenants stay has increased to 19 months.
Tim Hyatt, ARLA President, said: “The Government is doing little to encourage landlords to invest in new properties therefore we are running out of quality stock to offer to tenants. This is reflected in rent increases and a lack of choice for consumers.”
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Data controller: Robinsons Relocation Ltd
Robinsons Relocation collects and processes certain personal data about yourself, your family and your household in order to be able to perform and deliver related contracted services to the public and companies worldwide. Robinsons Relocation is committed to being transparent about how it collects and uses that data and to meeting its data protection obligations. Under numerous global regulations, specifically the General Data Protection Regulation (Regulation 2016/679 EU), personal data must be processed in accordance with certain principles. Article 4(1) of the GDPR defines personal data as ‘any information relating to an identified or identifiable natural person’ Article 4(2) of the GDPR defines processing as ‘any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means.’
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What information does Robinsons Relocation collect?
The organisation collects and processes a range of information about you. This includes
Full Names, Physical Address, Various Contact Information, Bank Account Details;
Information about your family and residence;
Photographs of residence both inside and out;
Passport and Visa information;
Details of your scheduled relocation;
any other personal information shared with us during the survey, quotation and relocation process
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Robinsons Relocation processes personal data in accordance with the following data protection principles:
The organisation processes personal data lawfully, fairly and in a transparent manner.
The organisation collects personal data only for specified, explicit and legitimate purposes.
The organisation processes personal data only where it is adequate, relevant and limited to what is necessary for the purposes of processing.
The organisation keeps accurate personal data and takes all reasonable steps to ensure that inaccurate personal data is rectified or deleted without delay.
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The organisation takes the security of all personal data seriously. The organisation has internal policies and controls in place to protect personal data against loss, accidental destruction, misuse or disclosure, and to ensure that data is not accessed, except by employees in the proper performance of their duties. Where the organisation engages third parties to process personal data on its behalf, such parties do so on the basis of written instructions, are under a duty of confidentiality and are obliged to implement appropriate technical and organisational measures to ensure the security of data.
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withdraw consent, if possible
access and obtain a copy of your data on request;
require the organisation to change incorrect or incomplete data;
require the organisation to delete or stop processing your data, for example where the data is no longer necessary for the purposes of processing;
object to the processing of your data where the organisation is relying on its legitimate interests as the legal ground for processing;
ask the organisation to stop processing data for a period if data is inaccurate or there is a dispute about whether or not your interests override the organisation’s legitimate grounds for processing data.