Property Body Hits Out at Flawed Surveys
By |Published On: 4th December 2012|

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Property Body Hits Out at Flawed Surveys

By |Published On: 4th December 2012|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

The British Property Federation has slammed the lack of official data regarding rents, saying that misguided reports lead to an incorrect portrayal of the private rented sector.

Concerns

Primarily of concern to the British Property Federation are unofficial surveys on rental prices, which they say “have their flaws.” The Federation says that figures collated for these surveys most often state advertised rents, rather than rents actually achieved. In addition, these statistics are based only on new lettings.

Very misleading

Liz Peace, Chief Executive of the British Property Federation, said: “Some of the figures that have been banded around trumpeting large rent increases are very misleading and do not reflect the picture across the entire country.”[1]

Property Body Hits Out at Flawed Surveys

Property Body Hits Out at Flawed Surveys

 

Peace went on to say: “In some hotspots, rents are rising more than average, across the country as a whole about 85% of rents are rising below the Consumer Price Index.”[1]

Recently, a consultation has just closed, with the subject being whether or not there should be an official collation of rent data. This would be based on Valuation Office Agency data and therefore constitute a broader scale.

[1] http://www.landlordtoday.co.uk/news_features/Property-body-hits-out-at-flawed-rental-surveys

 

 

 

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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