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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.
Tenants beat down asking rents by 20% or more – new analysis
3 days ago · According to Rightmove, advertised prices in Q4 2024 were £1,341 per month outside of London and £2,695 in London. According to Goodlord’s tracker, the confirmed price of tenancies signed in Q4 2024 was £1,070 per month outside of …
Veteran Labour MP leads bid to make Build To Rent relevant
1 day ago · A so-called ‘Build To Rent Taskforce’ has been set up with a Labour MP as its chairperson, in a bid to improve the fortunes of the troubled sector. A statement from the two organisations behind the idea says: “It still only accounts for 2% of all privately rented homes in the UK. The supply of ...
RICS warns that money market problems could hit housing fortunes
The latest RICS UK Residential Property Survey, out today, reports growing activity in the housing market – but it gives a warning about the wider economy. In the lettings sector, tenant demand has stabilised however, respondents expect further rent rises (+37% in …
Renters Rights Bill forces more buy to lets on to the market – claim
Landwood Group says it’s seeing a rise in the number of landlords coming to auction their properties, finding it too challenging to continue operating. The company claims that Labour’s announcement to ‘immediately’ abolish Section 21 was intended to …
Lettings market improves ahead of “fundamental” reform
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 ...
Housing market volatility ahead despite strong start to 2025
The housing market has enjoyed a strong start to 2025 with the Nationwide reporting average prices up 4.7% over the preceding 12 months. Northern regions saw higher price growth than southern regions, with Northern Ireland actually being the best performing area for second year running, with prices up 7.1% over 2024.
Surprise housing market figures disappoint agents
The number of mortgage approvals made to home buyers dipped in November, although it remained above the monthly average seen over the past year, according to Bank of England figures. Some 65,700 mortgage approvals for house purchases were recorded in November. That’s some 2,400 lower than October ...
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.
Landlord survey gives grim outlook for rental market
New data reveals the chronic shortage of homes available to rent to meet demand. Some 79% of landlords report that the demand for private rented housing was strong in the third quarter if the year, according to research from Pegasus Insight. The data, compiled for the National Residential Landlords Association, indicates that landlords who let […]