Almost no agent ready for revised tenancy arrangements
Letting Agent Today
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2d ago
A snap poll of letting agents has revealed that only a tiny percentage have taken steps to prepare for the shift to periodic tenancies,. It was a small survey by Goodlord but the PropTech company says this highlights the confusion that surrounds the ever-changing Renters Reform Bill and the lack of ..read more
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Stop Killing Market with Rent Controls, agents tell minister
Letting Agent Today
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2d ago
Propertymark has urged Scotland’s new First Minister to end the country’s housing emergency. John Swinney is now First Minister and says he intents to make housing his priority in office.  Humza Yousaf’s resignation as First Minister was triggered by the collapse of the 2021 Bute House Agreement and the deal it created ..read more
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Tenants pushing back against large rent rises: Knight Frank
Letting Agent Today
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2d ago
Rental growth in prime London postcodes has narrowed to levels last seen in the summer of 2021, says Knight Frank.  Average rents in prime central London (PCL) grew by 4.9% in the year to April, while the figure was 4.4% in prime outer London (POL). The increases may be down but ..read more
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OnTheMarket claims parity with Rightmove for new-build listings
Letting Agent Today
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2d ago
It claims that “following a significant increase in the number of new homes advertised on the site” its new build listings are now 95% of Rightmove’s, based on the number one portal’s calculations made back in February.  Recently OTM said it had surpassed 15,000 advertisers, which includes both agents and developers ..read more
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50,000 student rental beds in the pipeline - agency figures
Letting Agent Today
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2d ago
Investment in UK purpose-built student accommodation in the first quarter of 2024 has been described as “robust.” A total of 21 transactions were completed with a combined value of nearly £750m. Knight Frank says it was responsible for 78% of these deals. First quarter investment in 2024 was up significantly on the ..read more
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For Sale! Agency with 42,500 units under management
Letting Agent Today
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3d ago
It's reported that the Lomond estate agency group, which is heavily backed by private equity and which has expanded through serial acquisitions, is to be sold off. Sky News understands that LDC Private Equity Investment Firm has hired bankers from Clearwater International to oversee a sale of Lomond. Sky says: “A process ..read more
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Lights Out and Away We Go: F1 star to address agents
Letting Agent Today
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3d ago
Claire Williams, the former team principal of the legendary Williams Formula One Team , has been named as one of the speakers at the Propertymark One event next month.  Williams - whose father Frank founded the team - will deliver a keynote speech on Building a Strong Culture in Your Business. Williams ..read more
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Sadiq Khan housing tax policies criticised by Left-wingers
Letting Agent Today
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3d ago
Even as he was being elected as Mayor of London for a record-beating third successive time, Sadiq Khan was under pressure from the Labour Left to be more radical with his approach to housing. Writing in the historic left-wing publication Tribune, Adam Peggs - who is described as “a writer and ..read more
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Letting agent claims area is over-run with Airbnb-style short lets
Letting Agent Today
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3d ago
A lettings agent who is also on the executive of Propertymark claims one of Britain’s tourist hotspots has been over-run with short lets - and the longer term rental sector is suffering. Sophie Lang says: “Since starting my career as a letting agent in Cornwall, I have seen an increase in ..read more
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Agency flags growing worries over pets in lets
Letting Agent Today
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3d ago
A prominent lettings agency says concern is growing in the private rental sector about the prospect of more pets in properties.  A Leaders Romans Group survey reveals that while 57% of UK households have a pet, most landlords - 56% - are wary of the negative impacts they see in the ..read more
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