Latest Property News - Letting Agent Tips - Letting Agent Today
Rightmove experiments with AI to help house hunters. Government endorsement for Propertymark lettings qualification. Budget poses threat to letting agents and suppliers – warning. 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 ...
Agents should keep perfect paperwork ahead of Renters Rights Bill
1 day ago · Propertymark is advising agents working with landlords selling with sitting tenants to keep ‘watertight paperwork’ ahead of the Renters Rights Bill becoming law. The trade body has issued a statement saying that – same as now – it will be possible to sell a property with its current tenants to a new landlord or investor once the Bill ...
Rents - how will they change by 2027? - Letting Agent Today
2 days ago · Looking ahead to 2025 and beyond, rental growth is expected to continue softening, but remain above both house price growth and inflation in the long term. We’re predicting rents to rise 4.5% in 2025, followed by 4.0% in both 2026 and 2027. This trajectory is driven by the continued squeeze on landlords’ profits due to higher mortgage and ...
Three-and-a-half year low for central London rental growth
2 days ago · Three-and-a-half year low for central London rental growth. Average rents in prime central London increased by 1% in the year to October, which was the lowest rate of growth since July 2021. The equivalent rise in prime outer London was 2%, down from 8.3% in the same month last year. The figures come from Knight Frank, which says lower rental ...
Recent rise in buy to let landlords quitting, confirms Bank of England
A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s survey says the “post-pandemic peak in outflows was more notable in London and the South East than other UK regions.”. The verdict from the BoE comes after debate with some critics of the private rental sector ...
Stamp duty hike leading to renegotiated prices on buy to lets
5 days ago · A leading agent says the stamp duty hike on additional homes from 3% to 5% announced at the Budget has triggered renegotiations on prices of homes on sale. Jeremy Leaf, the north London agent and former RICS residential chairman, says: “Worries about the Budget did create some uncertainty among our buyers and sellers but many pressed the ...
Boom: new figures show rental market rising 8.5% a year
Across Great Britain the pace of rental growth continued to climb in June, with rents rising 8.5 per cent year-on-year. The data comes from Connells-owned agency Hamptons. The firm says four of the 10 fastest months for rental growth over the last decade have been since the onset of the pandemic. Stock scarcity has become a pressing issue, with ...
Stamp Duty on Buy To Lets up from midnight - Letting Agent Today
Oct 30, 2024 · Chancellor Rachel Reeves has announced a slew of property tax measures in her first Budget. The stamp duty surcharge on additional homes – buy to lets and holiday properties – will increase by 2% to 5% from midnight. Capital Gains Tax for non-residential assets will rise at its lowest rate from 10% to 18% and the higher rate from 20% to 24%.
Going Up! Five year rental forecast makes happy reading…
Five year rental forecast makes happy reading…. The latest forecast for the UK lettings market this year is that there will be a four per cent rise in rent on average and, over the next five years, a substantial 17.1 per cent increase. Oliver Knight, head of residential development research at Knight Frank, says: “At a national level, the ...
Mortgages key to recent housing market boost, say multiple agents
Mortgages key to recent housing market boost, say multiple agents. Agents have responded enthusiastically to more promising housing market data. The Halifax says house prices increased by 0.3% in September, matching the rise seen in August. Year-on-year prices are up 4.7%, still the strongest rate since November 2022. Higher annual growth ...