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.

5 days ago · A record number of landlords – now fewer than 88% – have no confidence in the current private rental sector, a figure that increases to 90% in London. The data comes from flat sharing website SpareRoom, which says that its survey shows over a third (34%) of landlords planning to leave the sector ...

Dec 16, 2024 · A prominent property analyst says next year could get “very ugly” for landlords. Doug Shephard, editor of the Home.co.uk website, warns that a recent Bank of England report suggests personal financial circumstances for renters and lower income households are deteriorating, albeit only slightly, with rent arrears showing an upwards movement.

3 days ago · Landlord sentiment: 67% of landlords believe the private rented sector has deteriorated, with nearly half planning to leave within five years; 75% of landlords have been in the sector for over a decade with just 3% of landlords entering the market in the past year

“Landlords who inadvertently or deliberately breach regulations, can be fined up to £40,000 without a tribunal or court determination. “The committee stages of the passage of this bill has made clear that the government has no intention of properly resourcing the courts and tribunal to deal with the inevitable influx of claims and additionally required court time in dealing with disputes ...

The Halifax says UK house prices finished 2024 up 3.3% over the past year, with the average house price now at £297,166. Prices actually fell back slightly in the single month of December, by 0.2%, following five consecutive monthly increases. …

However, rents for December are still up by over 3% year-on-year, highlighting an ongoing rise in prices albeit a significant reduction in the pace of these increases compared to earlier in 2024.

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 ...

The Government has confirmed plans to ban no-fault evictions and in-contract rent increases as it prepares to present the Renters’ Rights Bill to Parliament today.

Nov 23, 2024 · Having passed its second reading in the House of Commons in October, and due to become law by summer 2025, Kate Rigby – Partner in Rosling King’s Dispute Resolution team – analyses what impact the Renters’ Rights Bill will have on the rental market and that of the rights of both tenants and landlords. Summary . The …