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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.
What’s Happening To Rents in 2024? First forecast appears
WEBProperty consultancy JLL says that a lack of new rental stock and a challenging interest rate environment will lead to rental growth exceeding wage growth next year, with rental prices across the UK expected to increase by 5.0 per cent in 2024. This comes after UK rents increased around 6.0 per cent on average this year, followed by Greater ...
Damp and Mould in rental property – New guidance issued to …
WEB5 days ago · Following two surveys of letting and managing agents, new guidance has been published by The Property Ombudsman 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 managed properties with damp and mould issues.
Breaking News Archives - Letting Agent Today
WEB3 days 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.
Archive - Letting Agent Today
WEB4 days ago · Agent reveals massive corruption and forgery by tenants on industrial scale. Breaking News. 13th September 2024. An agent claims he and his peers in other agencies face massive struggles with forged IDs, digitally-altered supporting documents and undeclared financial... Overwhelmed!
Rent to rise this year and the long term – latest market info
WEBThe latest market sentiment survey of the lettings market from the Royal Institution of Chartered Surveyors suggests that rent rises will continue all the way through summer and into future years too. The survey – based on observations and forecasts from surveyors – says that a net balance of 54 per cent of its respondents cited a rise in ...
Lettings market strong – and even London recovering a little
WEBAlthough Inner London annual rent figures fell for the 20th consecutive month, the 4.4 per cent annual fall was the smallest decline this year, and smaller than the 22.1 per cent decrease recorded in April when the market bottomed out. In Outer London, rents grew 3.2 per cent annually in September, rising for the 13th consecutive month.
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 ...
Covid – how it’s hit the lettings market over the past year
WEBThe busiest winter day for lettings was – perhaps bizarrely – in the middle of the Christmas break on December 27 where volumes of new lets soared to 207 per cent of their 2019 average. Goodlord says the early months of 2021 haven’t been as strong as the first quarter of 2020, which at the time outperformed expectations.
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 ...