Landlords struggle as unemployment rises

Landlords are finding that their tenants are also becoming victim to the rising unemployment rate meaning that tenants are either missing payments or having to leave the property.

Unemployment among new tenants in the private rented sector has risen to 7.8, up from just 3.1 twelve months ago. With over 40 of the UKs 2million unemployed under the age of 25 the private renting sector has been hit hard by the recession, which in turn is affecting landlords.

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April 24^th 2009

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