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Breaking News Archives - Letting Agent Today
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.
Revealed – where rent has risen over 30% in the past year
New research shows the areas with the largest rental hikes over the last 12 months, with one seeing the average increase of just over 30%. Zero Deposit analysed the latest rental market data looking at the cost of monthly rent across each area of …
Stamp duty hike leading to renegotiated prices on buy to lets
A leading agent says the stamp duty hike on additional homes from 3% to 5% announced at the Budget has triggered renegotiations on prices of homes on sale.
Rents - how will they change by 2027? - Letting Agent Today
The rental market has experienced cooling growth rates following record peaks in 2023. Despite this slowdown, rental growth is still outpacing inflation, with both the costs of new contracts and renewals rising.
Lettings market improves ahead of “fundamental” reform
Some 59% of Propertymark agents reported that rents remained generally static, with 17% reporting a fall and 24% reporting increases. Reporting the data, Propertymark chief executive Nathan Emerson says: “Legislation that will impact the lettings market across England is also moving at pace through Westminster in the form of the Righters’ Rights Bill. This will fundamentally change key ...
Rent hikes still high, but first sign of a weaker market emerges
Goodlord says that September’s figure of a comparatively modest 5.3% could provide the first indication seen in many months that prices are starting to soften.
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)
Agents’ growing concern on huge challenges facing private rental …
Agents in the Guild of Property Professionals have voiced their growing concerns about a raft of measures – most actual, some potential – which risk damaging the private rental sector.
Lettings market crisis laid bare by latest figures
New 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 ...