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Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Breaking News Archives - Letting Agent Today
5 days ago · Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story – you will need to be logged-in to do this.
Rents to rise 18% in next five years – and maybe more
As a result, properties are letting 20% faster in 2024 to date than during 2018/19, and there is further upward pressure on prices. “High demand and low supply have been the influence behind the significant rental growth seen over the past few years.
Rents - how will they change by 2027? - Letting Agent Today
The rental market has experienced cooling growth rates following record peaks in 2023. Despite this slowdown, rental growth is still outpacing inflation, with both the costs of new contracts and renewals rising.
Rents still rising but growth cooling according to Connells data
The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from Connells’ high end brand Hamptons.
Stamp duty hike leading to renegotiated prices on buy to lets
A leading agent says the stamp duty hike on additional homes from 3% to 5% announced at the Budget has triggered renegotiations on prices of homes on sale.
Rental sector edging towards smaller properties to offset tax grabs
A new analysis claims landlords are now buying lower value properties, driven by desires to minimise tax threats. The analysis by Inventory Base suggests that in Q2 2024 – the latest available data – the average landlord’s portfolio size stood at 7.6 properties, marking a +5.6% increase on Q1 2024’s average size of 7.2 properties.
Agency leader warns of growing exodus of landlords
Asking rents slashed on over quarter of properties – shock Rightmove… Down they go – online agents’ share dwindles still further; Make 2025 the year you go it alone in agency,…
Lettings and estate agents WILL be regulated after all, pledges …
Labour’s housing minister Matthew Pennycook has surprised the industry with a pledge to regulate agents. It was over five years ago that Lord Richard Best, chair of the Regulation of Property Agents working group, published a long list of radical recommendations to transform the regulation and transparency of the agency industry.
The three qualities landlords want from letting agents – revealed
A new survey of 4,000 landlords has identified the three qualities they look for in a letting agent. Whereas trust and liveability are key qualities vendors look for when selecting a sales agent, landlords want these three – knowledge, listening and responding to questions.