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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.
Uncertainty over rental reforms leads to higher rent rise forecast
8 hours ago · Knight Frank has edged up its rent increase forecast to reflect the uncertainty surrounding the Renters Rights Bill. It says the change is small but reflects the risk that supply may become more constrained due to legislation that …
Labour sets ‘urgent’ timeline for total reform of leasehold
3 days ago · Reforms to hand leaseholders greater rights, protections and control will be brought forward next year alongside plans to bring the leasehold system to an end, the government says. Housing minister Matthew Pennycook says measures in the Leasehold and Freehold Reform Act will be implemented “at ...
Agents bat away disappointment over surprise inflation rise
4 days ago · Propertymark says it’s disappointed with the surprise rise in inflation – but insists it’s likely to fall in the relatively near future. Inflation rose sharply to 2.3% in October after a hike in energy prices. Economists had forecast a rise to 2.2% after a …
Agency boss backs industry minimum entry qualifications
8 hours ago · The boss of one of the self-employed business model agencies has come out in favour of minimum entry level qualifications – but with an important caveat. Head of eXp UK, Adam Day, says: “The lack of qualification required to be an agent is a hot topic that has been raised on many occasions and ...
Landlord survey gives grim outlook for rental market
Nov 18, 2024 · New data reveals the chronic shortage of homes available to rent to meet demand. Some 79% of landlords report that the demand for private rented housing was strong in the third quarter if the year, according to research from Pegasus Insight. The data, compiled for the National Residential Landlords Association, indicates that landlords who let […]
Shock figures show rents tumble by over 10% in just one month
The rental market in England cooled dramatically in October, with monthly rents down by over 12% and year-on-year increases narrowing to an annual low, according to Goodlord. Voids also lengthened – an additional sign that the intense pressure the market faced between July and September has ...
Breaking News Archives - Letting Agent Today
4 days ago · 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.
More red tape for agents as anti-money laundering rules expand
5 days ago · The government looks set to impose much stricter Anti-Money Laundering rules on letting agents. Earlier this year, the Office of Financial Sanctions Implementation (OFSI) consulted on extending financial sanctions reporting obligations to letting agents and the UK Government has decided to apply these measures to letting agency work – but without reducing the threshold at which letting ...
Record rents as lettings sector braces for Budget impact
Average advertised rents outside London hit a 19 th consecutive quarterly record of £1,344 per calendar month (pcm), says Rightmove.. This was up 5.2% from last year, although this is the slowest rate of growth since 2021. London rents also hit a new record at £2,694 pcm, 2.5% higher than last year (£2,627 pcm)