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WEB2nd October 20241,773 reads5 comments. Propertymark presses home opposition to parts of Renters Rights Bill. Agents’ growing concern on huge challenges facing private rental sector. 2nd October 2024817 reads0 comments. Agents speak out on huge challenges facing private rental sector. Many tenants spend over half take-home pay on rent – new ...
Referencing absolutely vital under Renters Rights Bill – claim
WEB23 hours ago · Referencing will become increasingly important for agents and landlords when the Renters Rights Bill becomes law, it’s been claimed. The abolition of Section 21, increased powers given to tenants and no end in sight to lengthy court delays combine to mean it’s more important than ever that tenants are carefully vetted before contract stage.
Agents attacked for “dated and stagnant services” to landlords
WEB23 hours ago · Agents attacked for “dated and stagnant services” to landlords. An industry trainer and former president of ARLA Propertymark has slammed some letting agents for offering “dated and stagnant services” to landlords. Sally Lawson says as a result of this, lettings agents might just be the next Dodos walking off a cliff.
Propertymark in plea to MPs to make Renters Rights Bill more …
WEB1 day ago · Propertymark is calling on MPs to amend the Renters Rights Bill to give a fair deal for landlords. The Bill was introduced to Parliament on September 11 and has its Second Reading on Wednesday this week. Amongst a vast array of measures, it will ban Section 21 evictions, introduce a new tenancy regime, …
Breaking News Archives - Letting Agent Today
WEB4 days ago · Breaking News. 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. Written by Graham Norwood.
Tenant demand still rising as market stays red-hot
WEB4 days ago · England’s hottest rental market right now is West Sussex where tenant demand of 55% is highest across all counties for Q3 2024. In Wiltshire, 50.1% of all rental properties have secured tenants, while demand is also strong in Hertfordshire (48.4%), Somerset (47.6%), and Cambridgeshire (47.4%) However, rental demand in some counties is …
Agent warns on realistic rent pricing in prime markets
WEB5 days ago · But the prime market is coming up against affordability barriers after years of significant increases to rental values” explains Tomlinson. But, despite rental growth slowing, tenant and landlord expectations on price are widening. While agents in London broadly agree (75%) that tenants expected rents to fall over the past three months ...
Rent hikes still high, but first sign of a weaker market emerges
WEB6 days ago · 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 year-on-year averages, with September prices up by 5.3%. The average cost of a new rental property in England stood at …
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 ...
In recovery – good figures from London’s rental market
WEBData from central London lettings agency Bective shows returning tenant demand in the capital. The agency’s analysis of new lettings applicants shows that in the six months between October 2020 and March of this year, the number of new applicants climbed by 34 per cent when compared to the previous six months.