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WEB2nd October 20241,773 reads5 comments. Propertymark presses home opposition to parts of Renters Rights Bill. Agents’ growing concern on huge challenges facing private rental sector. 2nd October 2024817 reads0 comments. Agents speak out on huge challenges facing private rental sector. Many tenants spend over half take-home pay on rent – new ...
Propertymark in plea to MPs to make Renters Rights Bill more …
WEB18 hours ago · Propertymark is calling on MPs to amend the Renters Rights Bill to give a fair deal for landlords. The Bill was introduced to Parliament on September 11 and has its Second Reading on Wednesday this week. Amongst a vast array of measures, it will ban Section 21 evictions, introduce a new tenancy regime, …
Charity says Labour’s Renters Rights Bill must become law rapidly
WEB18 hours ago · A charity claims new homelessness figures show the need for Labour’s controversial Renters Rights Bill. Data from the Ministry of Housing, Communities and Local Government shows that the number of households facing homelessness has exceeded 320,000 between 2023-2024, the highest on record. This is an 8% rise on last year and means that more ...
Tenant demand still rising as market stays red-hot
WEB3 days ago · England’s hottest rental market right now is West Sussex where tenant demand of 55% is highest across all counties for Q3 2024. In Wiltshire, 50.1% of all rental properties have secured tenants, while demand is also strong in Hertfordshire (48.4%), Somerset (47.6%), and Cambridgeshire (47.4%) However, rental demand in some counties is …
Agents’ growing concern on huge challenges facing private rental …
WEB5 days ago · Agents in the Guild of Property Professionals have voiced their growing concerns about a raft of measures – most actual, some potential – which risk damaging the private rental sector. In a statement voicing collective worries, the Guild has emphasised five particular challenges. 1. Capital Gains Tax increases could lead to Landlord exodus ...
Agent warns on realistic rent pricing in prime markets
WEB4 days ago · But the prime market is coming up against affordability barriers after years of significant increases to rental values” explains Tomlinson. But, despite rental growth slowing, tenant and landlord expectations on price are widening. While agents in London broadly agree (75%) that tenants expected rents to fall over the past three months ...
Breaking News Archives - Letting Agent Today
WEB3 days ago · Breaking News. 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. Written by Graham Norwood.
Rent hikes still high, but first sign of a weaker market emerges
WEB5 days ago · Rents across England remained high in September – breaking the £1,400 barrier for the third month in a row – according to PropTech firm Goodlord. 2024 rents continue to outpace their year-on-year averages, with September prices up by 5.3%. The average cost of a new rental property in England stood at …
Going Up! Five year rental forecast makes happy reading…
WEBFive 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 ...
Lettings market crisis laid bare by latest figures
WEBNew 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 ...