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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.
Renters Rights Bill problems flagged up by industry leaders
1 day ago · The shortcomings in the Renters Rights Bill continue to be identified, with organisations in different parts of the industry voicing concern. In a letter to Housing Minister Matthew Pennycook, accreditation service safeagent warns about two clauses in the Bill as currently drafted that would – in its opinion – severely restrict access to the private rented sector for less well-off ...
Prime rental growth steadies but landlords lose confidence – Savills
4 days ago · Prime rental growth steadied across the UK over the last three months of 2024, as the market continued to fall back in line with pre-pandemic seasonal trends. That’s the view from Savills, which says values remained flat on the quarter (-0.1%) across the prime London rental market, while annual ...
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.
Renters Rights Bill will damage lettings sector - agents speak out ...
Jan 14, 2025 · Propertymark and four other major parts of the property industry have spoken out against the Renters Rights Bill. The agents’ trade body has been joined by the National Residential Landlords Association and the British Property Federation, as well as industry provider Goodlord and agency Leaders Romans Group.
RICS warns that money market problems could hit housing fortunes
Jan 16, 2025 · The latest RICS UK Residential Property Survey, out today, reports growing activity in the housing market – but it gives a warning about the wider economy. In the lettings sector, tenant demand has stabilised however, respondents expect further rent rises (+37% in December). RICS says this is ...
Longer tenancies likely thanks to stamp duty change – claim
Landlords think the stamp duty threshold changes coming this spring will encourage tenants to stay longer, a new survey has found. Buy-to-let lender Landbay’s most recent landlord survey asked landlords: “The Government will not extend the temporary stamp duty threshold for buyers past the end of March next year.
Rent hikes still high, but first sign of a weaker market emerges
Goodlord says that September’s figure of a comparatively modest 5.3% could provide the first indication seen in many months that prices are starting to soften.
Agency claims no new exodus of landlords – at least yet
Agency group Lomond says the number of tenanted properties being listed on the sales market has fallen by nearly 20% since the end of June. It claims this indicates that Labour’s Renters’ Rights Bill has not yet resulted in a mass exodus of landlords.
OPINION - London’s Lettings Market is predictable again, but will …
Jan 13, 2025 · When comparing London’s rental market in 2024 and 2023, the most striking thing is the similarity between the two years. On the demand side, the number of new prospective tenants was 0.6% higher last year than in 2023, Knight Frank data shows. Viewings were down 0.2%, while the number of tenancies ...