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Agents pray for interest rate cut following surprise inflation fall. Deposit alternative service boasts of growing popularity. Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for …
Buy To Let investment plummets over tax and EPC fears – stats
16 hours ago · The percentage of BTL applications abandoned due to the client choosing not to proceed for business reasons has shot from 1.2% to 8% in the last three months, showing that landlords are rethinking how their property portfolios; 4.9% of all newmortgage applications were Buy-To-Let purchases in September 2024, down from nearly 6% a year prior.
Lloyds Bank rebrands private rental arm and hits major milestone
16 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 some 5,000 rental units.
Breaking News Archives - Letting Agent Today
5 days ago · New lettings management service charges 9% of rent plus VAT. Written by: Graham Norwood. A PropTech platform has launched a new lettings service, piggy-backing on an established lettings agency chain. ... 16th October 2024.
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. Throughout 2021, TPO’s consumer enquiry services, delivered through its portal and ...
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 further influenced by some landlords listing their ...
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) The portal says the balance ...
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%. The average cost of a new rental property in England stood at £1,417 in September, up by more than ...
Low rental supply pushes demand and rental increases to record highs
Record demand and low levels of supply have pushed the number of tenants experiencing rental increases to new highs, lettings agents claim. The ARLA Propertymark Private Rented Sector Report for August found the average number of new prospective tenants registered per branch jumped in August to 107, from July’s figure of 102. This is the ...
In recovery – good figures from London’s rental market
Data from central London lettings agency Bective shows returning tenant demand in the capital. The agency’s analysis of new lettings applicants shows that in the six months between October 2020 and March of this year, the number of new applicants climbed by 34 per cent when compared to the previous six months.