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Breaking News Archives - Letting Agent Today
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Room rents fall in London and stabilise across rest of UK
Jan 13, 2025 · The UK rental market is showing signs of stabilising after a chaotic few years, as rent hikes slow across the country. That’s the view of flat-sharing website SpareRoom which says London is the only UK region where rents actually fell in the fourth quarter of 2024 – the average room rent in London decreased by 2%, from £1,015 in Q4 2023 to £993, markingthe most significant drop in London ...
Stamp duty hike leading to renegotiated prices on buy to lets
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.
Lettings market improves ahead of “fundamental” reform
Jan 7, 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 ...
Lettings and estate agents WILL be regulated after all, pledges …
Labour’s housing minister Matthew Pennycook has surprised the industry with a pledge to regulate agents. It was over five years ago that Lord Richard Best, chair of the Regulation of Property Agents working group, published a long list of radical recommendations to transform the regulation and transparency of the agency industry.
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)
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.
Lettings boss backs Labour to add billions to housing market total ...
The research shows that across England the proposed increase in new homes delivered to 371,541 would boost housing supply by 21%. Over the last five years, the average new-build home has increased by an average of 3.5% per year in value and Benham and Reeves estimates that over the next five years, £161.6 billion worth of property could reach the market should Labour deliver on its promise.
Rents still rising but growth cooling according to Connells data
The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from Connells’ high end brand Hamptons.