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WEBEstate 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.
Government issues full details of Renters Rights Bill
WEB26th September 2024. 0 reads 0 comments. The government has issued a lengthy detailed guide to all provisions of the Renters Rights Bill, which is being presented to the House of Commons shortly. The full details include a list of all the Bill’s measures – namely periodic tenancies and grounds for possession, rent increases, tackling what ...
Foxtons says market still suffering from Liz Truss Mini-Budget
WEB10 hours ago · Foxtons insists that the negative impact of the mini budget on the property market is still apparent today, as over the last 11 months (September 2023 to July 2024 – latest available), just 941,300 transactions have been completed across the UK . Foxtons chief executive Guy Gittins comments: “The notorious 2022 Mini Budget will go down in ...
Artificial Intelligence service “triples margins for lettings agents ...
WEB2 days ago · An AI-enabled rental service has bought out a small agency and claims it is the start of a process that will help agencies across the country triple their margins. A service called Dwelly has bought out a Hull agency – Lime Property – and its lettings book of 1,000 units. Dwelly says it’s going to inject AI into the agency it has acquired ...
Damp and Mould: Propertymark says agents must help landlords
WEB4 days ago · Propertymark says it is unlikely that landlords alone can solve problems of damp and mould in some private rental sector properties. Last week The Property Ombudsman gave new guidance to help agents, landlords and tenants deal with condensation, damp and mould in their homes. A survey of 719 letting agents by TPO showed that nearly all had ...
Breaking News Archives - Letting Agent Today
WEB3 days ago · Rogue lettings agent has to pay £50,000 after latest offences. Written by: Graham Norwood. A London council has prosecuted a managing agent and its director after being found guilty of offences under the Housing Act 2004 at two HMOs. ... 23rd September 2024. No Comments.
Rents set to rise further as landlords scale back, RICS warns
WEBMeanwhile, tenant demand edged up slightly over the month, although the latest net balance of +11% is softer than the +26% recorded in July. Near-term rental price expectations continue to point to a steady increase in the months ahead, returning a net balance of +39%.
Tenants renting longer and paying more – new survey’s findings
WEBTenants renting longer and paying more - new survey’s findings. Over the last decade, the proportion of people aged 24 to 64 living in their own home has fallen and the proportion renting privately has risen according to a new analysis. Currently 19 per cent of households rent privately, 35 per cent own outright, and 30 per cent have a mortgage.
Lettings market crisis laid bare by latest figures
WEBNew figures from property consultancy TwentyCi lay bare the challenges faced by the lettings sector. In the third quarter of 2022 new instructions and lets agreed were down by 25 and 19 per cent, respectively; and in contrast to the owner-occupied sector, there was a marked supply and availability issue, as some landlords withdrew from the market because of tax changes put in place in 2019 ...
Going Up! Five year rental forecast makes happy reading…
WEBFive year rental forecast makes happy reading…. The latest forecast for the UK lettings market this year is that there will be a four per cent rise in rent on average and, over the next five years, a substantial 17.1 per cent increase. Oliver Knight, head of residential development research at Knight Frank, says: “At a national level, the ...
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