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Record high for rents as normal market resumes

Rents across Great Britain hit another record high in February, averaging £1,230 pcm for a newly let home.   The figure - which...

17 March 2023

From: Breaking News

Shelter angry at Hunt’s ‘nothing about housing’ Budget

Campaigning charity Shelter is angry with Chancellor Jeremy Hunt over his Budget  While most in the property industry have expressed relief that there...

16 March 2023

From: Breaking News

It’s War! New council attack on ‘eyesore’ To Let boards

A council is set to renew its war on To Let boards. In summer 2018, Leciester council brought into effect a new...

16 March 2023

From: Breaking News

PropTech start-up wants to fix “broken” rental sector

A PropTech startup called EVO is claiming to revolutionise repairs and maintenance in the “broken” rented housing sector. EVO says it connects...

16 March 2023

From: Breaking News

Over £25,000 fine for property management firm boss

The head of a property management company has been fined £25,800 after serious safety issues were discovered at a shared house...

16 March 2023

From: Breaking News

Build To Rent trade body holding sector's largest-ever expo

It’s being billed as the Build To Rent sector’s biggest ever exp and now the trade body behind it has given...

16 March 2023

From: Breaking News

Agents may be asked to include ‘green features’ on property details

Councillors in one part of London are considering asking agents to include ‘green features’ on property details. Camden’s Labour controlled council has...

15 March 2023

From: Breaking News

Agent Alert - new How To Rent guide to be issued Friday

A new How To Rent guide is to be issued on Friday, according to a government communication with the National Residential...

15 March 2023

From: Breaking News

Delay EPC change to help rental sector - top agency’s Budget hope

A prominent lettings agency has called for a delay to the government’s EPC upgrade timetable to be announced in this afternoon’s...

15 March 2023

From: Breaking News

Higher tax on second homes - another council speaks out

West Oxfordshire council is the latest to demand new government legislation to increase council tax on empty and second homes in...

15 March 2023

From: Breaking News

Agents’ chance to think faster, sharper and better

Propertymark’s showcase event this year is to be addressed by a person who is a chartered psychologist, neuroscientist, science communicator, author...

15 March 2023

From: Breaking News

Tax incentives for rental sector - top agent’s plea to Chancellor

A prominent agent and former RICS residential chairman has made an impassioned plea to the government to help the private rental...

14 March 2023

From: Breaking News

Plunging Pound means foreign investors bag buy to let bargains

Overseas investors have bagged an effective bonus of £40,000 off the purchase of a UK buy to let, according to leading...

14 March 2023

From: Breaking News

New PropTech products launched for letting agents

HomeLet has launched a product to help combat tenancy fraud, which it claims has seen a 36 per cent rise since...

14 March 2023

From: Breaking News

Prime London rents soar but affordability not an issue - claim

The rental market in Prime London continues to suffer from a severe stock shortage according to recent data from property consultancy...

14 March 2023

From: Breaking News

Buy To Let sentiment downbeat for many landlords

A new sentiment survey suggests that only a minority of landlords are now feeling positive about the future of buy to...

14 March 2023

From: Breaking News

AI: Streamlining property particulars and saving thousands

ChatGTP and AI are of huge interest right now and the industry is assessing their potential impact on how we do...

13 March 2023

From: Breaking News

Cash Is King for buy to let as interest rates hit investors

New buy to let purchases are increasingly being funded by cash rather than a mortgage, says Hamptons lettings agency.   So far this...

13 March 2023

From: Breaking News

OnTheMarket launches free accounting functions on lettings platform

OnTheMarket Software, the tech division of the portal’s parent group, has announced the inclusion of client accounting functions in its TecLet...

13 March 2023

From: Breaking News

Phil Spencer urges agents to use the hard sell on Buy To Let

Location, Location, Location star Phil Spencer says it’s time for agents to go for the ‘hard sell’ on Buy To Let,...

13 March 2023

From: Breaking News

Energy Efficiency increasingly important to would-be tenants

Good EPC ratings are increasingly important for tenants when considering which properties to rent, it’s been claimed. Nicky Stevenson, managing director of...

13 March 2023

From: Breaking News

Trading Standards warning after big fine imposed on agency

Trading Standards is reminding letting agents of their legal obligation to protect money they are holding on behalf of a client...

10 March 2023

From: Breaking News

Rent rises to halve by late 2023 says market analyst

Annual rent rises that are currently 10 per cent or more are likely to halve to “mid-single digits” according to a...

10 March 2023

From: Breaking News

Why do people bother with buy to let? asks industry figure

Prominent industry figure Jonathan Rolande says: “It is hard to see why anyone would still want to buy to let given...

10 March 2023

From: Breaking News

Property investment chief falsely claimed Bounce Back Loan

The head of a property investment firm has been disqualified from being a director for 12 years following the discovery that...

10 March 2023

From: Breaking News

Bid to identify future private rental properties in London

A council is introducing a service which it claims will help identify properties which cannon future be used as private rental...

10 March 2023

From: Breaking News

Prominent agent slams Tories for damaging supply of homes

The government must focus on measures in next week’s Budget that will boost significantly the supply of homes, according to lettings...

09 March 2023

From: Breaking News

Self-managing landlords ready to instruct agents - new report

The majority of private landlords would consider switching to a letting agency because of the current complexity of buy to let.  A...

09 March 2023

From: Breaking News

Big rise in complaints to Property Redress Scheme

There’s been a big rise in the number of complaints about agents lodged with the Property Redress Scheme, which says it’s...

09 March 2023

From: Breaking News

Tenant demand still on the rise as RICS calls for Budget help

The latest market snapshot from the Royal Institution for Chartered Surveyors - out today - shows tenant demand continuing to increase...

09 March 2023

From: Breaking News

Deposit scheme goes green with trees initiative

The Tenancy Deposit Scheme has announced a link up with eco organisations in a tree-planting initiative. TDS says the campaign was driven...

09 March 2023

From: Breaking News

Will Chancellor Hunt’s Budget dare help the rental sector?

A prominent lettings agency chief wants a raft of measures to help the private rental sector and investors in next week’s...

08 March 2023

From: Breaking News

Foxtons relying on lettings for revenue as brand is reshaped

Foxtons’ latest trading statement suggests that it’s heavily reliant on lettings revenue as the sales market stutters and the whole company...

08 March 2023

From: Breaking News

Preventative maintenance gives “staggering growth” - claim

A webinar tomorrow plans to show agents how planned preventative maintenance delivers “staggering growth.” Fixflo is hosting the event which will feature...

08 March 2023

From: Breaking News

Rents up slightly across UK … except for London

The average rent in the UK is now £1,175 per calendar month according to HomeLet. This is a tiny 0.3 per cent...

08 March 2023

From: Breaking News

Agents’ hopes rise for a soft landing for sales

“Optimism has survived another difficult month” says business consultancy Hargreaves Lansdown in response to the latest house price index.  Indeed, the industry...

08 March 2023

From: Breaking News

Government rental mediation scheme flops - change needed

A much-hyped government proposal to introduce a Rental Mediation Service to resolve disputes, sustain tenancies and reduce pressure on the courts...

07 March 2023

From: Breaking News

New curbs on holiday lets are “inhumane” - claim

The latest restrictions imposed on holiday lets by a UK government are hurting local economies. The Welsh Government has confirmed there will...

07 March 2023

From: Breaking News

Trio of acquisitions as franchisees snap up independents

It’s been a busy start to the year for the Northwood brand, with three franchisees completing on acquisitions.  Northwood is part of...

07 March 2023

From: Breaking News

'Bills Included' now increasingly popular with tenants

New research from Rightmove suggests that all-inclusive rents are rising up the list of priorities for tenants using the portal.  The research...

07 March 2023

From: Breaking News

Emotional contributions at first Women In Agency conference

The first Women in Estate Agency conference has been a sell out.  Over 250 people from across the industry attended the day-long...

07 March 2023

From: Breaking News

Foxtons spends millions on acquiring rival lettings agency

Foxtons has this morning confirmed that it’s acquired a rival London lettings agency. It has snapped up Atkinson McLeod for £7.4m: Foxtons...

06 March 2023

From: Breaking News

Rightmove “driving the digitisation of the rental journey”

Rightmove says it’s helping to digitise the rental processes, making the process less fragmented and frustrating for agents.  In its trading statement...

06 March 2023

From: Breaking News

Sharp drop in agents and support staff working from home

The number of property employees employees in the UK working from home has dropped by almost half in the space of...

06 March 2023

From: Breaking News

Wanted: Agents to be directors and chair of Propertymark

Propertymark wants letting agents to join its leadership team and ambassadorial positions. The trade body says it is seeking new directors for...

06 March 2023

From: Breaking News

Agency and landlord fined for failing to show correct paperwork

A council has prosecuted an agency and landlord for not producing the right paperwork. Luton local authority has prosecuted Poplar Homes Ltd...

06 March 2023

From: Breaking News

Agency gives every employee £750 cost of living help

An agency is giving every one of its 600 full time employees a £750 one-off payment to help with the cost...

03 March 2023

From: Breaking News

Mediation service expands to include letting agents

A mediation and conciliation service which has previously been restricted to landlords and tenants is now on offer to letting agents.  The...

03 March 2023

From: Breaking News

Political wannabes wrong to blame holiday lets, claims top agent

A prominent lettings agent has criticised leading candidates for the leadership of the Scottish National Party for anti-holiday let policies. David Alexander,...

03 March 2023

From: Breaking News

Back With A Bang - rental market surges yet again

After what appeared to be a lull over the New Year, the rental market is firing on all cylinders again according...

03 March 2023

From: Breaking News

Agents urged to regularly inspect to spot damp and mould

A combination of regular inspections and pro-active installation of ventilation can help to reduce the risk of dangerous damp and mould...

03 March 2023

From: Breaking News

New EPC every three years, suggests accreditation scheme

Energy Performance Certificates must change to properly support reaching net zero, tackling fuel poverty and improving buildings, according to an energy...

02 March 2023

From: Breaking News

Council promotes scheme to “avoid letting agents’ fees”

Exeter council in Devon is promoting a scheme to private landlords by calling it a “cost-effective solution for landlords who want...

02 March 2023

From: Breaking News

Rental Reform Now!  Councils want immediate government action

The Local Government Association, which comprises 331 of the 333 councils in England and all 22 Welsh unitary councils, is calling on...

02 March 2023

From: Breaking News

Revealed - the cost of improving a rental home’s EPC

New analysis of the English Housing Survey by the Building Research Establishment has found that excessively cold homes in England could...

02 March 2023

From: Breaking News

Lettings growth is bright spot for agency after big profits fall

Pre-tax profits for Connells Group have plummeted from £111.3m in 2021 to £67.5m last year - but its lettings division has...

02 March 2023

From: Breaking News

Knight Frank spin-off plans to become national agency brand

An estate agency formed by ex-Knight Frank staff says it plans to roll out nationwide. North Residential, a Harrogate firm which rebranded...

01 March 2023

From: Breaking News

Brexiteer agent makes ferocious attack on Labour

An agent claims that if Labour wins the next General Election there will be what he calls “misguided meddling” across the...

01 March 2023

From: Breaking News

Rental property energy efficiency soars - new figures

There’s been a 165 per cent increase in the number of private rental homes with an Energy Performance Certificate rating of...

01 March 2023

From: Breaking News

Lettings instructions dip in London after New Year surge

The number of lettings instructions in London has dropped since the start of the year.  Knight Frank says that compared to the...

01 March 2023

From: Breaking News

Agents back Polluter Pays concept to help leaseholders

Propertymark says current government policy over leaseholder protections is too weak. The letting agents’ trade body has thrown its weight behind a...

01 March 2023

From: Breaking News

Letting agents work to be probed by competitions watchdog

The Competition and Markets Authority is launching a three month probe into how letting agents operate within the private rental sector. It says...

28 February 2023

From: Breaking News

Some 300 investors put cash into online lettings platform

An online lettings platform has shut its crowdfunding campaign after easily exceeding its target of £850,000. Lettingaproperty - founded by brothers Jonathan...

28 February 2023

From: Breaking News

New OnTheMarket features include some suggested by agents

OnTheMarket is introducing a range of features which it claims will make ‘serious seekers’ stand out to letting agents. And it says...

28 February 2023

From: Breaking News

Property expert quits TV show, says tenants need “sensitivity”

One of the lettings industry’s best known faces - Paul Shamplina - is to end his TV series focussing on evictions. Suggesting...

28 February 2023

From: Breaking News

Boiler Upgrade Scheme - half of agents didn’t even know it existed

It’s been revealed that Propertymark contributed its thoughts to a Parliamentary committee which has slammed the failure of the government’s Boiler...

28 February 2023

From: Breaking News

Are EPCs reliable for estimating energy efficiency?

Shocking new research shows that Energy Performance Certificates are inaccurate at best, useless at worst, and easily rigged. A Sunday Times report...

28 February 2023

From: Breaking News

Capital appreciation for rental sector lags behind owner occupation

Figures out this morning from high end agency Savills shows a 5.1 per cent increase in capital appreciation on average across...

27 February 2023

From: Breaking News

Rent control law backfires as agents see landlords selling up

The Scottish Parliament’s so called Cost of Living Act - imposing rent controls on the private sector - is backfiring. That’s the...

27 February 2023

From: Breaking News

EPC changes - investors admit they need help to meet targets

A new survey of landlords has revealed a patchy record of awareness of new energy efficiency regulations for the rental sector. The...

27 February 2023

From: Breaking News

Agency backs controversial clean air zone concept

Newcastle-based lettings agency Seekers is backing a clean air zone in its city.  The agency’s two cars, both Volkswagen ID-3s, are part...

27 February 2023

From: Breaking News

Rightmove Qualifications - agents can book exams from this week

Lettings agents will be able to book their exam this week for the new Level 3 Certificate for Estate and Letting...

27 February 2023

From: Breaking News

Mick Lynch and Labour Mayors accuse agents of pushing up rents

RMT rail union leader Mick Lynch and Labour leaders including Andy Burnham and Sadiq Khan are leading a call for an...

24 February 2023

From: Breaking News

OnTheMarket website service launched with slew of optional extras

OnTheMarket Software - part of the OnTheMarket Group - has launched what it claims is “an innovative new product providing website...

24 February 2023

From: Breaking News

Activists call ‘Day of Action’ in protest at rental reform slowdown

A coalition of tenant activists has called a Day of Action to protest at delays in the government’s rental reform agenda. The...

24 February 2023

From: Breaking News

Fire Hazards - two thirds of tenants don’t feel 100% safe

A poll of 2,000 non-freehold tenants suggests that almost two-thirds claim not to feel 100 per cent safe in their homes. Some...

24 February 2023

From: Breaking News

Agency “astounded” at international investor interest

An agency brand says it’s “astounded” at how many of its member branches want to take part in an international investment...

24 February 2023

From: Breaking News

Property chiefs increasingly optimistic about 2023 market

There’s a slowly growing optimism amongst property industry figures that the 2023 housing market will be relatively pain-free and not seeing...

23 February 2023

From: Breaking News

Reverse anti-landlord policies, top agency tells government

A lettings agency says it’s vital that the government reconsiders the new laws and regulations seen as attacking landlords. The Leaders Romans...

23 February 2023

From: Breaking News

Pharmacy services on offer a Build To Rent scheme

A Build To Rent operator has struck a deal with Lloyds Pharmacy to offer a so-called Health Concierge Service allowing tenants...

23 February 2023

From: Breaking News

Should first time buyers be tempted into buy to let investment?

A high profile mortgage lender operating in the buy to let sector has launched a series of products aimed at investors...

23 February 2023

From: Breaking News

Rental market to stay strong as First Time Buyer numbers plummet

A new analysis suggests that the number of first time buyers has plummeted by over 10 per cent in the past...

23 February 2023

From: Breaking News

Energy Efficiency - industry chiefs demand rental sector action

The British Property Federation, which typically has relatively little to say about the private rental sector, has issued a series of...

22 February 2023

From: Breaking News

Yields rise in areas where rents outstrip capital appreciation

Rental yields have increased by as much as 2.5 per cent in the past year as rent values outperform house prices.  The...

22 February 2023

From: Breaking News

No blanket licensing required for short lets - Propertymark

Licensing for Airbnbs and similar short lets should be targeted in priority areas only and not the subject of blanket rules. That’s...

22 February 2023

From: Breaking News

New call to eradicate mould and damp in rental properties

Citizens Advice is the latest charity to argue for improved housing standards in the private rental sector. It claims that its research...

22 February 2023

From: Breaking News

Latest Build To Rent scheme is 22-storey block of flats

The latest Build To Rent scheme announced by the UK’s largest listed rental homes firm is in fact a 22 storey...

22 February 2023

From: Breaking News

Sign up to scrap tax changes hurting landlords - agents told

A letting agents’ trade body is urging the industry to sign a parliamentary petition calling for the Section 24 changes for...

21 February 2023

From: Breaking News

Webinar to examine key problems challenging industry

Key figures from across the industry will come together tomorrow to discuss the challenges currently facing the lettings sector.,  Starting at 10am...

21 February 2023

From: Breaking News

We Are Family! Father and sons take over agency branch

Father and sons trio Kevin, Lewis and Tom Dudley have joined forces to become the new owners of Martin & Co’s...

21 February 2023

From: Breaking News

TV presenter to front agents’ big day at Wembley

Daytime TV presenter Jenni Falconer is to host the Propertymark One conference on June 27. Tag-lined ‘Raise Your Game’ the event will...

21 February 2023

From: Breaking News

Agency gets 16th regional office by acquiring independent firm

Midlands-based agency Sheldon Bosley Knight has snapped up an independent firm. It’s Coventry sales and lettings agency Robin Jones which brings just...

21 February 2023

From: Breaking News

Are Trading Standards officers checking your agency’s website?

Trading Standards officers check for agents’ compliance by scrutinising their websites, it’s being claimed. Agents are being warned to ensure their websites...

20 February 2023

From: Breaking News

Purplebricks lettings division to be slashed as agency's failure deepens

The chief executive of Purplebricks, who eight weeks ago claimed to have “a plan to grow our lettings business”, is now...

20 February 2023

From: Breaking News

More interest rate rises to come, warn experts

There are more Bank of England base rates to come, a group of property finance industry experts has warned.  Personal finance comparison...

20 February 2023

From: Breaking News

Global name joins short lets trade body

The UK Short Term Accommodation Association says the high profile digital platform Booking.com is to become a member.  Available in 43 languages...

20 February 2023

From: Breaking News

Some London rents rising by a third in just a year, website claims

Rents across Greater London are up 21 per cent year-on-year according to the Home property website, which prepares a mon they...

20 February 2023

From: Breaking News

Rogue agency hit with big fine for failing to licence properties

An estate agency has been prosecuted and ordered to pay £35,000 for falling foul of property licensing rules. Green House Estate Agents...

17 February 2023

From: Breaking News

Good News - Arrears at lowest level for six years says bank

Paragon Bank says the proportion of landlords with tenants in arrears has fallen to its lowest level since 2017. The same applies...

17 February 2023

From: Breaking News

Franchise agency says it’s on the lettings acquisition trail

Martin & Co’s Huddersfield branch is the latest part of the franchise operation to snap up an independent agency. Branch owner Will...

17 February 2023

From: Breaking News

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