Some 47 per cent of all properties in the private rental sector in England are now managed by ARLA Propertymark member agents.
The organisation has calculated this by taking as a base the latest English Housing Survey published by there Ministry of Housing, Communities and Local Government, there are currently 4.8 million private rented homes.
ARLA Propertymark has a total of 10,219 branches within its membership in England, with an average of 221 properties managed per branch.
As a result, ARLA Propertymark calculates that its members manage 2,258,399 properties, equalling 47 per cent of the sector.
“It’s extremely encouraging to see such a large proportion of the sector actively seeking greater regulation and professional standards than the law currently demands through choosing to be a member of ARLA Propertymark” explains David Cox, chief executive of the organisation.
“This is especially important in our current uncertain climate where collaboration between the government and private rented sector is more crucial than ever, and as the government seeks to introduce Regulation of Property Agents” he adds.
This post has originally been featured in Letting Agent Today.