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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.
Shock figures show rents tumble by over 10% in just one month
2 days ago · The rental market in England cooled dramatically in October, with monthly rents down by over 12% and year-on-year increases narrowing to an annual low, according to Goodlord. Voids also lengthened – an additional sign that the intense pressure the market faced between July and September has ...
Agency’s flagship lettings office launched in prime location
1 day ago · Kinleigh Folkard & Hayward has opened a new flagship branch serving London’s Notting Hill and the surrounding market. Located next to Notting Hill Gate Tube station, the lettings and sales operations are headed up by Laura Timmins and Soroush Prado, who together have over three decades of knowledge and experience working within the …
Lettings and estate agents WILL be regulated after all, pledges …
Oct 29, 2024 · 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.
Breaking News Archives - Letting Agent Today
5 days ago · 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.
Budget poses threat to letting agents and suppliers – warning
5 days ago · A prominent supplier is warning that measures announced in the Budget will hit the agency industry. The minimum wage for over 21s, known officially as the National Living Wage, will rise from £11.44 to £12.21 an hour from April. For 18 to 20-year-olds, the minimum wage will rise from £8.60 to £ ...
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.
RICS says lettings optimism rising despite supply-demand mismatch
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey shows rental demand continuing to grow and outstrip supply. September saw 22% of respondents showing growing demand, but a further drop in properties listed for rent, with a 29% retreat. RICS says this trend is ...
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)
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.