ARLA is reporting record rent rises in the immediate wake of the tenancy fees ban which came into force in England on June 1.
It says that 55% of its agents saw landlords hike their rents in June, up from 22% in May – which was itself a record.
ARLA also said that landlords are continuing to exit the market, at the rate of four per branch during June.
David Cox, ARLA Propertymark chief executive, said: “Unsurprisingly, rent costs hit a record high in June as tenants suffered the impact of the tenant fee ban.
“Ever since the Government proposed the ban, we warned that tenants would continue to pay the same amount, but the cost would be passed on to tenants through increased rents, rather than upfront costs.
“In addition to the repercussions of the Tenant Fees Act, the proposed abolition of Section 21, coupled with the Mayor of London’s recent call for rent controls, will only cause the sector to shrink further.
“In turn this will increase pressure on the sector because it will discourage new landlords from investing in the market, causing rents to rise for tenants as less rental accommodation is available.”
Separately, haart has reported rental supply down by 19% last month compared with July 2018, and in London, down by 37%.
It says rents have risen by 7% in London.