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.

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

Jan 7, 2025 · Senior PropTech figures have given their predictions for 2025 – with one predicting a storm ahead of landlords. William Reeve, the chief executive of Goodlord, says: “I believe this could be the calm before the storm and that rents will see another major spike in 2025.

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 ...

Jan 7, 2025 · 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.

Dec 14, 2024 · If there’s one thing we can be sure of in the UK property market, it’s that things rarely stand still – and 2024 has been no exception, introducing both legislative reforms set to reshape landlord-tenant dynamics and shifting economic …

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 …

For the first time in decades, the property market is bracing for significant change. The Labour Government has just introduced the much-anticipated Renters Reform Bill and it’s highly likely this shake up to the private rental market will be followed by the alignment of Capital Gains Tax with Income Tax at the Autumn Budget.

In contrast, rents in August were tracking 10% higher year-on-year compared to 2023 rents. The average monthly cost of a rental property in England was £1,205 in November 2024, a rise of £38 compared to the £1,167 recorded in 2023.