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WEBTake Action! Have a story? Contact our press team. 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.
More buy to lets being sold despite rental market strength – data
WEBSince February of this year, value increases have ranged from £64 per day in the South East and £63 per day in the South West, to £24 per day in the North East. This equates to almost £12,000 growth for the two southern regions – almost triple that achieved by the North East. Meanwhile, average house prices are up £23,357 in Cambridge ...
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 ...
Government must back letting agents as rental reform nears – call
WEBGovernment must back letting agents as rental reform nears – call. There’s been a call for government to do more to support letting agents as an autumn of rental reform begins. Mark Hayward, chief policy advisor at Propertymark, made the call as he responded to news that the pre-Covid eviction process for England would return from October 1.
Breaking News Archives - Letting Agent Today
WEB1 day ago · Reminder – three months left for agents to file business banking complaints. Written by: Letting Agent Today Team. Property firms including letting agents are being reminded that they have three months left to register a business banking complaint with the Business Banking Resolution Service (BBRS). ... 11th September 2024.
The legal updates which impacted letting agents the most in 2021
WEBAug 18, 2021 · Between 29th August 2020 and 31 May 2021, you must give at least 6 months notice, and; On and from the 1st June 2021, you must give at least 4 months notice. For evictions involving anti-social behaviour, these notice periods may be shorter. In Wales, notices given from the 24th July 2020 must be at least 6 …
Lettings will be safety net for agents hit by major downturn - claim ...
WEBLettings will be safety net for agents hit by major downturn – claim. Agents should look to lettings to protect themselves when the sales market is hit by the coming recession and drop in transactions. That’s the view of respected PropTech voice Neil Cobbold, managing director of automated rental payment provider PayProp. He cites HMRC data ...
First time buyers shelve plans – so rental demand to stay high
WEBAcross the country and all age groups, survey respondents intending to buy or in the process of buying their first property say they expect to pay £196,700 on average and anticipate putting down £25,210 as their deposit. Based on these figures, they say they are expecting a monthly mortgage payment of £718.60.
Converting let-only landlords should be agents’ top priority – claim
WEBA prominent lettings agent says educating landlords about the need to use agents should be the industry’s number one priority. Agent Rainmaker founder Sally Lawson, who is also a former ARLA Propertymark president, says in a podcast with the Guild of Property Professionals: “We all thought the tenant fee ban was the end of the world, however, it all made us stop and look our businesses and ...
Lettings sector set to soar as rent rises beat interest rate hikes
WEBHome says the mix-adjusted average rent rise across the UK over the past year is an eye-watering 19.1 per cent, driven partly by plummeting supply – the number of newly available rental properties is down 23 per cent now compared to June 2021, triggered by a spectacular rise in London rents following the pandemic fall-off.
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