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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.
What’s it to be? Agents give 2025 market forecast
2 days ago · “The general consensus is that 2025 is set to bring more of the same, with the current market recovery set to continue. “With another looming stamp duty deadline, we can expect a heightened level of activity in the short-term and this will almost certainly be followed by a period of correction as the market returns to normality.”
Housing market ends 2024 in good health - Letting Agent Today
2 days ago · The latest House Price Index from Zoopla reveals that the housing market is set to finish 2024 strongly with more sales being agreed ahead of the stamp duty deadline. At the same time, buyers are becoming more cautious about what they pay for homes as mortgage rates drift higher and households ...
Rents to rise 18% in next five years – and maybe more
As a result, properties are letting 20% faster in 2024 to date than during 2018/19, and there is further upward pressure on prices. “High demand and low supply have been the influence behind the significant rental growth seen over the past few years.
Lettings and estate agents WILL be regulated after all, pledges …
Labour’s housing minister Matthew Pennycook has surprised the industry with a pledge to regulate agents. It was over five years ago that Lord Richard Best, chair of the Regulation of Property Agents working group, published a long list of radical recommendations to transform the regulation and transparency of the agency industry.
Agents can be big winners from Renters Rights Bill, says industry ...
A PropTech chief says the increasing complexity of the private rental sector that’s expected to pick up pace in 2025 offers an opportunity for lettings agents. Oli Sherlock of Goodlord says: “I predict that 2025 will be a year of diversification for agents. It’s likely that we’ll see a ...
Renters now want smaller and competitively-priced units – top agent
Dec 13, 2024 · One of the country’s highest profile agents is warning that affordability ceilings are now defining the private rental sector. Jeremy Leaf – the former RICS chairman who now operates his own north London agency – says: “Rental supply as only increased marginally whereas demand and rent levels have eased in response to affordability concerns.
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.
The three qualities landlords want from letting agents – revealed
A new survey of 4,000 landlords has identified the three qualities they look for in a letting agent. Whereas trust and liveability are key qualities vendors look for when selecting a sales agent, landlords want these three – knowledge, listening and responding to questions.