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Most tenants believe rent is ‘value for money’

Rents may have increased significantly in recent years and wages have, in the main, failed to keep up. Nonetheless, according to new research from the National Landlords Association, most tenants say their rent provides good value for money. Some 73 per cent of tenants said their rent was “good” or “very good” in terms of value for money. Only 20 per cent considered it “poor” value, and 3 per cent “very poor”. After a period of rent increases, most landlords haven’t increased rents in the last 12 months, the survey reveals. Just over 70 per cent of tenants report they’re paying the same rent or a lesser amount (3 per cent) compared with a year ago.