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Rental market to stay strong in 2023 insists agency chief

The mismatch between demand and supply will keep the rental market strong in 2023 according to an agency chief. Nicky Stevenson, managing...

13 January 2023

From: Breaking News

Ambitious business duo snap up 78 year old agency

Franchisees from Belvoir have snapped up an independent agency in Reading. The acquisition of Patrick Williams, which dates back 78 years, comes...

13 January 2023

From: Breaking News

Tough times ahead warns auctioneer, despite record year

The UK’s largest property auctioneer is warning of tough times ahead despite a record number of sales in 2022. Auction House sold...

13 January 2023

From: Breaking News

Pooled Client Accounts - banks accused of making mistakes

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

12 January 2023

From: Breaking News

Agency group pledges six new branches despite lettings slowing

There will be up to six new branches opened this year for the franchise brand Winkworth. The agency made its announcement in...

12 January 2023

From: Breaking News

Property Redress Scheme now largest lettings redress service

The Property Redress Service claims to be the largest lettings redress service now, with over 13,250 letting agency branches on board. In...

12 January 2023

From: Breaking News

Automated client account platform to supply agents’ trade group

Automated client account platform Lettspay is to become a supplier to the Federation of Independent Agents.  Lettspay, which is registered with the...

12 January 2023

From: Breaking News

Prime Central London's rental capital revealed by agent

A new analysis by agency and property consultancy JLL has revealed which borough within Prime Central London has the highest concentration...

12 January 2023

From: Breaking News

Reverse The Tax Threat - major agency backs petition

A high profile lettings agency has backed a petition demanding the reinstatement of tax relief for landlords. Benham and Reeves says it...

11 January 2023

From: Breaking News

Tax incentives best way to improve rental EPCs - claim

The government has been accused of pushing up the cost of home insulation because of a poorly timed public campaign. The National...

11 January 2023

From: Breaking News

'Post-Covid Lifestyle' pioneered by Build To Rent offering

Legal & General - one of the country’s biggest Build To Rent players - has struck a deal with new build...

11 January 2023

From: Breaking News

Tenants under 30 risk being “stuck” renting for years - claim

A tax expert says the current economic climate has made it so hard to save for a deposit that many tenants...

11 January 2023

From: Breaking News

Agents Warn - tough year coming up for rental sector

The UK Association of Letting Agents says a survey of its members suggests that 2023 will be a tough year for...

11 January 2023

From: Breaking News

Agency reveals major expansion with plans for more in 2023

The Stirling Ackroyd Group says it’s delivered 20 per cent revenue growth alongside the opening of five lettings and sales offices...

10 January 2023

From: Breaking News

Red Tape for agents with short lets as Airbnb backs registration

Airbnb has come out in favour of a short lets registration scheme across the UK - similar to the one promised...

10 January 2023

From: Breaking News

Landlord licensing info to be supplied to high-end lettings agency

Knight Frank is partnering with licensing compliance firm Kamma. The growth of discretionary licensing schemes across the 408 local authorities in the...

10 January 2023

From: Breaking News

Energy support for agencies and other firms to be cut from April

The government is, as expected, scaling back support for businesses with energy bills from April. Under the new and less expensive scheme,...

10 January 2023

From: Breaking News

Lettings chief steps up to become agency partner

The long-standing head of an agency’s property management and lettings divisions is stepping up to become a partner in the company. Andrew...

10 January 2023

From: Breaking News

It's War! Call for 'national mobilisation' to improve EPCs

An all-party and influential committee of MPs says the UK should be put on a war footing to improve the energy...

09 January 2023

From: Breaking News

Agency slams government for failing to boost rental supply

The way to solve the rental sector supply shortage is through Build To Rent, a leading agency claims.  Leaders Romans Group says...

09 January 2023

From: Breaking News

Industry figure urges Labour to do more to improve housing supply

The director of a property development firm says Labour leader Sir Kier Starmer must do more to boost housing supply as...

09 January 2023

From: Breaking News

Lettings expert helps Propertymark beef up compliance work

Propertymark has beefed up its compliance team with a recruit from the lettings sector. Darren Kitchenside, who has been at My Deposits...

09 January 2023

From: Breaking News

Agents insist latest price falls are not signs of a crash

Agents have spent the weekend insisting that the latest house price fall is not indicative of a crash - and may...

09 January 2023

From: Breaking News

Should Rival Bids Be Banned? Activists demand change

A campaign group has protested outside letting agencies in Bristol, protesting against what they describe as “bidding wars” between rival tenants. The...

06 January 2023

From: Breaking News

Ethical Lettings Agency scoops international award

A lettings agency which describes itself as “ethical” has been honoured with an award linked to the United Nations. Homes For Good...

06 January 2023

From: Breaking News

Rents drop as lettings market hunkers down for winter

The average rent in the UK is now £1,174 pcm, down 0.1 per cent from December after seeing the first month-on-month...

06 January 2023

From: Breaking News

Franchise brand opens new office and eyes further expansion

Winkworth is expanding in the south west with a new office opening in the Bishopston area of Bristol, tapping into a...

06 January 2023

From: Breaking News

Over 20% of households now in Private Rental Sector

Demographic data from the latest Census suggests that the Private Rental Sector now provides homes for 20.3 per cent of the...

06 January 2023

From: Breaking News

A Tenant Has Died - Open Letter to Agents from a Relative

Today we are publishing a letter sent to us regarding the death of a relative who was living in rental accommodation.  We...

05 January 2023

From: Breaking News

Rental demand set to rise as first time buyer numbers drop sharply

The number of first-time buyers is estimated to have fallen by nine per cent in 2022, Yorkshire Building Society says. Analysis by...

05 January 2023

From: Breaking News

Winter dip in rents but voids still low across UK

The rental market remained relatively steady in recent weeks, according to the latest index from PropTech firm Goodlord. Void periods have remained...

05 January 2023

From: Breaking News

Sinking mortgage approvals suggest fewer moving out of rentals

The number of mortgage approvals for house purchases in November came to 46,075 according to the Bank of England. The 46,075 figure...

05 January 2023

From: Breaking News

Massive scale of Build To Rent revealed by top investor's figures

Legal & General Capital helped fund over 17,000 new homes last year across a range of tenures, chiefly Build To Rent.  Chief...

05 January 2023

From: Breaking News

Gove told of agents’ worries about rash of council licensing schemes

Propertymark has written to Housing Secretary Michael Gove outlining its concerns about the latest licensing scheme proposal from a local council. The...

04 January 2023

From: Breaking News

Rent Freeze politician in war of words with Propertymark chief

Propertymark has become embroiled in a war of words with a Scottish politician who has made a series of anti-agent and...

04 January 2023

From: Breaking News

Banned! Rogue agent abused Covid loans with string of false claims

A lettings agent has been banned from holding office in a company for 11 years for abusing Covid loans - but...

04 January 2023

From: Breaking News

Don't Demonise Private Rentals - agent attacks government's woeful record

A prominent lettings agent has resumed his attack on politicians for failing to build sufficient numbers of social housing properties -...

04 January 2023

From: Breaking News

Plummeting commercial property - an alternative to buy to let?

A new survey of over 8,000 commercial estate agents indicates a challenging 2023 - suggesting a possible alternative investment option for...

04 January 2023

From: Breaking News

‘City of Airbnbs’ has seen country’s highest house price rise

House prices in York - where the local MP is leading an onslaught on the proliferation of short lets - have...

03 January 2023

From: Breaking News

Take That, Gove! Agents and landlords deliver warning letter

A warning letter signed by 330 major players in the private rental sector has been delivered to Housing Secretary Michael Gove. The...

03 January 2023

From: Breaking News

Sign Up to stop the Tax Grab - Agents urged to back petition

Agents are being urged to sign a petition launched by a landlord facing higher tax burdens which may force him to...

03 January 2023

From: Breaking News

Lettings expert honoured in King Charles’ first list

Long-standing lettings expert Kate Faulkner has been given an OBE in King Charles’ first New Year Honours list. Faulkner is well known...

03 January 2023

From: Breaking News

House price slowdown hitting every region says Nationwide

The housing market slowdown is gathering pace and has now hit every region of the UK according to the Nationwide. In data...

03 January 2023

From: Breaking News

Energy Efficiency - agents say new schemes must be rental-friendly

Propertymark wants the Department for Business, Energy, and Industrial Strategy to widen access to cash help to those that need it...

30 December 2022

From: Breaking News

Buy To Let Tax Surcharge - agent puts politician on the spot

One of the politicians backing a tax surcharge on the purchase of second homes and buy to lets has been put...

30 December 2022

From: Breaking News

140-year-old agency acquired by growing lettings company

Habitans Lettings - just two years old - has purchased the long-standing Heywoods agency in Newcastle Under Lyme. Established in 1881, Heywoods...

30 December 2022

From: Breaking News

Award for agent who doubled fees and expanded his business

The founder of a Barnsley based lettings and property management company is celebrating transforming his business - and winning an award...

30 December 2022

From: Breaking News

Rent freeze threat ‘stopping large-scale housing developments’

A prominent businessman has told the Scottish media that the country’s rent freeze policy has led to two major housing schemes...

29 December 2022

From: Breaking News

Ex-agent jumps aboard mould-risk bandwagon

A former lettings agent who now helps tenants take legal action against landlords says 25 per cent of the complaints he...

29 December 2022

From: Breaking News

Good News - signs of optimism in buy to let mortgage market

Legal & General says it’s seeing signs of optimism in different parts of the buy to let sector. Firstly it’s seen a...

29 December 2022

From: Breaking News

Rock Bottom! Housing market sentiment nears all-time low, say lenders

The Building Societies Association says housing market sentiment remains close to the all-time low. In a sentiment survey some 47 per cent...

29 December 2022

From: Breaking News

Shocking figures on supply of prime rental properties

New figures released after Christmas by Knight Frank show that the number of new prospective tenants is 26.7 per cent above...

29 December 2022

From: Breaking News

Where to Invest in 2023 - hotspots enjoy over 15% yields

A buy to let investment site has used Artificial Intelligence to identify 10 top property investment opportunities in 2023.  Based on analysis...

28 December 2022

From: Breaking News

Rent Wrench - Tenants really worried about ability to pay

A new survey by HomeLet and Dataloft shows that of 12,000 tenants questioned, over three quarters are worried about the cost...

28 December 2022

From: Breaking News

Government consultation launches to improve safety post-Grenfell

The government claims buildings will be made safer under new proposals including compulsory second staircases for new tower blocks. It says this...

28 December 2022

From: Breaking News

Buy to let investors flock to the regions for better yields

The share of Londoners purchasing property outside of the capital slowed in 2022, back towards pre-Covid norms.   That’s the view of lettings...

28 December 2022

From: Breaking News

Politicians insist “we’re not at war with holiday lets”

South Hams council in south Devon - one of the UK’s top holiday spots - has unanimously agreed proposals for second...

23 December 2022

From: Breaking News

Flats are now good value, possible investment potential - Zoopla

An end-of-year assessment by Zoopla suggests the price of flats across the UK have underperformed the rest of the market and...

23 December 2022

From: Breaking News

Investing in 2023? New buy to let hotspots identified in survey

New research predicts that northern regions of England will see many of the best investment opportunities in 2023. It is also these...

23 December 2022

From: Breaking News

Jeremy Hunt fires starting gun on next spring’s Budget

The next Budget, setting out government tax and spending plans, will be held on March 15 next year. Chancellor Jeremy Hunt says...

23 December 2022

From: Breaking News

Chaos - trade group despairs at open-ended tenancy suggestion

Students face chaos as government plans to reform the rental market threaten to cause widespread uncertainty as to whether housing will...

23 December 2022

From: Breaking News

AirBnb Victory? - short lets register is delayed six months

It’s been announced that a deadline for existing hosts on AirBnb and other short let platforms to register with the Scottish...

22 December 2022

From: Breaking News

One-in-eight Purplebricks staff ‘to lose jobs this week’

Purplebricks is set to cut 10 per cent of its staff within hours according to The Times. The company is reportedly laying...

22 December 2022

From: Breaking News

Agent reveals his answer to the private rental stock shortage

The drastic shortage of rental properties will lessen during 2023 according to the Leaders Romans Group - and much of that...

22 December 2022

From: Breaking News

Paperless fast-growing agency moves into new premises

East Yorkshire letting agency Ultralets has opened a new office in Beverley after what it calls “an impressive period of growth.” Ultralets...

22 December 2022

From: Breaking News

Rents stalling in London as market cools slightly - Foxtons

Foxtons says London’s market is finally cooling - at least a little - for the Christmas period. November followed the seasonal downward...

22 December 2022

From: Breaking News

Soaring demand for ‘bills included’ rental property - Rightmove

A new analysis of the market released this morning by Rightmove shows that this year has seen the most competitive on...

21 December 2022

From: Breaking News

Downturn? Maybe, but viewings are UP on last December!

Rightmove forecasts average asking prices will drop two per cent in 2023 - meaning they will remain higher than after the...

21 December 2022

From: Breaking News

Next Year’s Market - detailed analysis by the Halifax

The Halifax has released a snapshot of the housing market as the year ends - with the cost of living crisis...

21 December 2022

From: Breaking News

Lettings gurus head first Women in Estate Agency conference

The Women In Estate Agency group is holding its first conference in London in March, where lettings industry gurus will be...

21 December 2022

From: Breaking News

Monthly networking dinner arranged for letting agents

Independent lettings agents are being invited to book a place at a monthly networking dinner organised by an agency in Essex.  Matt...

21 December 2022

From: Breaking News

Auditors to visit branches in person to assess agency compliance

Propertymark auditors are offering in-person visits to branches to improve their compliance.  The trade body says this is in response to demand from...

20 December 2022

From: Breaking News

Activists blame letting agents for pushing up rents

Activist groups which previously focussed much of their fire on landlords are now attacking letting agents, accusing them of encouraging higher...

20 December 2022

From: Breaking News

Most tenants satisfied with private rental accommodation

Over two thirds of tenants are satisfied with their private rented accommodation, a new survey shows. The finding comes in the results...

20 December 2022

From: Breaking News

Purplebricks boss claims ‘big opportunity’ to grow lettings division

The chief executive of Purplebricks - chastened after a major split amongst the firm’s shareholders - claims there is a “big...

20 December 2022

From: Breaking News

Buy To Let tax rise - agents angry at damage to rental sector

Letting agents in Scotland are angry at the Scottish Government for increasing the tax surcharge on buyers of buy to lets...

20 December 2022

From: Breaking News

Purplebricks Crunch Day - chairman survives key vote

Purplebricks chairman Paul Pindar has survived a challenge from a rebel investor - but shareholders appear split.  A company general meeting -...

19 December 2022

From: Breaking News

Leading agent writes to Gove with ‘lay off the rental sector’ message

A prominent letting agent has written an open letter to Housing Secretary Michael Gove, calling for a halt on government attacks...

19 December 2022

From: Breaking News

Rents may have peaked - but that’s bad news, says Propertymark

The chief executive of Propertymark says latest data from letting agents suggests rent rises may have peaked - but that could...

19 December 2022

From: Breaking News

Connells brand launching TV campaign on Boxing Day

One of Connells’ high end branch, Hamptons, is releasing a TV advertisement on Boxing Day.  The advert, in 30 and 60 second...

19 December 2022

From: Breaking News

Tenants renting longer and paying more - new survey’s findings

Over the last decade, the proportion of people aged 24 to 64 living in their own home has fallen and the...

19 December 2022

From: Breaking News

Tax on buy to lets and second homes up to 6% - will rest of UK follow suit?

Land and Buildings Transaction Tax - the Scottish equivalent of stamp duty - has risen to six per cent for all...

16 December 2022

From: Breaking News

As You Were! Rate rise won’t change market dynamics - Rightmove

Rightmove says yesterday’s Bank of England base rate rise to 3.5 per cent - the ninth hike in as many Bank...

16 December 2022

From: Breaking News

Named - the area where rents are up 42 per cent in a year

A London borough has been identified as having 42 per cent rental inflation in the past year. Lambeth in the south of...

16 December 2022

From: Breaking News

Agents and suppliers take centre stage at “colossal” conference

Propertymark pledges that an event being held next summer will be “colossal” - and will haver the likes of lettings agents...

16 December 2022

From: Breaking News

Same Old Story - Prime London rents soars as stock shortage goes on

The latest market snapshot by London-focussed data company LonRes shows that a shortage of homes available to rent across all parts...

16 December 2022

From: Breaking News

Interest Rates - Bank of England's latest announcement

The Bank of England has increased base rate by 0.5 per cent to 3.5 per cent. This is the ninth consecutive base...

15 December 2022

From: Breaking News

New Eviction Ban Call - government under pressure from MPs

The government is under new pressure to introduce a last minute eviction ban to avoid private renters facing homelessness over Christmas. Liberal...

15 December 2022

From: Breaking News

Growing number of fraudulent ID and lettings applications

Data from fraud prevention database CIFAS a marked increase in both identity fraud and false lettings applications in the UK according...

15 December 2022

From: Breaking News

Agents buy out London branch after death of owner

Two members of Ellis & Co’s Mill Hill team have bought out the branch.  Ellis & Co Mill Hill’s Paul Glass has...

15 December 2022

From: Breaking News

Actual rent rises may be below figures in surveys - claim

PropTech firm PayProp UK claims actual rent rises may be well below those suggested in some surveys. In response to the Scottish...

15 December 2022

From: Breaking News

Franchise firm bags experienced agent to enter new territory

The Propertynest lettings and sales agency is expanding into Yateley in Hampshire.  This follows the recruitment of experienced agent Mark Holloway into...

15 December 2022

From: Breaking News

Agency boasts of lettings surge despite office closures

Keller Williams UK - which has seen market centre closures in recent months - insists that its lettings business KW Move...

14 December 2022

From: Breaking News

Lettings key to agents’ survival if sales slump in 2023

Data from the mortgage lenders’ trade body UK Finance shows the wisdom of agents having a lettings division. The body says: “We...

14 December 2022

From: Breaking News

Rent controls forcing landlords to consider quitting - Propertymark

No fewer than 85 per cent of letting agents say that landlord clients have expressed a wish to sell up in...

14 December 2022

From: Breaking News

Best rental returns are outside Southern England says agency

Annual rental growth strengthened for the third month running, with average rents up 7.9 per cent across Britain on the same...

14 December 2022

From: Breaking News

What do agents want in 2023? New survey reveals all

This may be 2022’s least surprising research finding - most property professionals want interest rates to fall. A webinar poll undertaken by...

14 December 2022

From: Breaking News

Gove urged to appoint a ‘Healthy Housing Minister’

Housing Secretary Michael Gove is being asked to take urgent action over housing conditions across social and private rental sectors.  Following the...

13 December 2022

From: Breaking News

Agent offers free interior styling to all landlord clients

A London lettings agent is offering free interior styling to all his clients. After 16 years working as head stylist for one...

13 December 2022

From: Breaking News

Council spotlight on empty private homes - but not its own vacant properties

A council wants public views on empty private homes in its patch - but doesn’t want to talk about publicly-owned empty...

13 December 2022

From: Breaking News

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