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Breaking News - Letting Agent Today
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Rent increases plummet last year – but show massive rise since 2020
4 days ago · Average rents have risen by 31.2% in Great Britain since October 2020, from £1,042 per month to £1,367, costing the average tenant an extra £3,912 per year. Scotland continues …
Rent hikes still high, but first sign of a weaker market emerges
Rents across England remained high in September – breaking the £1,400 barrier for the third month in a row – according to PropTech firm Goodlord. 2024 rents continue to outpace their …
Agents’ growing concern on huge challenges facing private rental …
Agents in the Guild of Property Professionals have voiced their growing concerns about a raft of measures – most actual, some potential – which risk damaging the private rental sector. In a …
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. Jeremy Leaf, the north …
Lettings market improves ahead of “fundamental” reform
The latest Propertymark data shows the lettings market becoming slightly more balanced, although the principle remains that supply is still sharply outpaced by demand. The trade body …
Rents to rise 18% in next five years – and maybe more
UK rents are set to grow by a further 17.6% over the next five years, according to property firm Savills, as the imbalance between high demand and low supply is set to continue. And the …
Rents - how will they change by 2027? - Letting Agent Today
Looking ahead to 2025 and beyond, rental growth is expected to continue softening, but remain above both house price growth and inflation in the long term. We’re predicting rents to rise …
Record rents as lettings sector braces for Budget impact
Average advertised rents outside London hit a 19th consecutive quarterly record.