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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 ...
Quarter of listings lack mandatory material information – claim
20 hours ago · Part B – Parking information. Moverly claims only 75% of live listings include information about car parking, leaving 25% that do not, This 25% is an estimated 133,161 properties that are not compliant with material information Part B. In Glasgow, the number of non-compliant listings grows to 36%, while in Newcastle, 31% of listings are ...
Tenants go for fixer-uppers to escape rental sector
20 hours ago · Some 68% of tenants see fixer-uppers as a more affordable route to property ownership, with an average 12% discount on these homes. The biggest motivator for renters wanting to purchase a fixer-upper is the opportunity to buy at a lower price (73%). The average asking price of a fixer-upper home is £327,224, which is 12% (£44,634) lower than ...
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 ...
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 further influenced by some landlords listing their ...
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 ...
Lettings market crisis laid bare by latest figures
New figures from property consultancy TwentyCi lay bare the challenges faced by the lettings sector. In the third quarter of 2022 new instructions and lets agreed were down by 25 and 19 per cent, respectively; and in contrast to the owner-occupied sector, there was a marked supply and availability issue, as some landlords withdrew from the market because of tax changes put in place in 2019 ...
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 ...
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 portal says the balance ...
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 ...