11% decrease in tenant evictions

There has been an 11% drop in tenant evictions in England and Wales, according to recent research*.

The report claims that between 2004 and 2008 the number of tenant evictions increased by over 8%, peaking at 56,700 in the third quarter of 2008.

However, in the third quarter of 2009 this figure dropped by over 6,000 to 50,450 evictions, an 11% decrease. This reduction has been attributed to the fall of house price rises during 2008, as landlords feared facing empty properties and the prospect of no rental income.

The decline in tenant evictions comes despite the fact that 43% of landlords experienced arrears in the past year, according to a study from the National Landlord’s Association.

Source: Homemove.co.uk

*  Research by easyroommate.co.uk

Disclaimer
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty. *Estimated rental yield figures are calculated using information supplied by the marketing agent and are based on the original market price. The rental yield figure should only be used as a guide and we strongly recommend you seek independent financial advice before proceeding with any investment