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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.
Buy To Let investment plummets over tax and EPC fears – stats
9 hours ago · Landlords may be having jitters about investing in new properties ahead of potential Capital Gains Tax rate hikes and new EPC regulations. Acre, a mortgage intermediary platform, has overseen over £24 billion in mortgage volume so far this year. But analysis of these transactions shows that ...
Lloyds Bank rebrands private rental arm and hits major milestone
9 hours ago · Citra Living, the private rental offshoot of Lloyds Banking Group, is being rebranded as the financial giant steps up its involvement in the sector. Its latest deal has seen it acquire another 821 homes in existing Build To Rent schemes constructed by Gatehouse. This takes Citra’s portfolio up to ...
Breaking News Archives - Letting Agent Today
5 days ago · 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.
Record rents as lettings sector braces for Budget impact
5 days ago · 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)
RICS says lettings optimism rising despite supply-demand mismatch
Oct 9, 2024 · 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 ...
Rent hikes still high, but first sign of a weaker market emerges
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%. …
Big rise in lettings enquiries to The Property Ombudsman
The Property Ombudsman has reported a big rise in enquiries over last year and a huge rise since the pre-Covid year, 2019. Demand for help and advice from TPO rose by 15 per cent in 2021 to 45,007 enquiries, and has risen by a staggering 48 per cent since 2019.
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 ...
Ballistic! Lettings market ends year with a bang
A leading market forecaster has described the level of rent rises in one part of the country as “going ballistic”. “The London lettings market has undergone a dramatic transformation over the last year as the Covid exodus has reversed” explains Doug Shepherd, director of the website Home, and author of its respected monthly lettings and sales market snapshot.