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Prime rental growth steadies but landlords lose confidence – Savills
6 days ago · Prime rental growth steadied across the UK over the last three months of 2024, as the market continued to fall back in line with pre-pandemic seasonal trends. That’s the view from Savills, which says values remained flat on the quarter (-0.1%) across the prime London rental market, while annual ...
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.
Rents to rise 18% in next five years – and maybe more
As a result, properties are letting 20% faster in 2024 to date than during 2018/19, and there is further upward pressure on prices. “High demand and low supply have been the influence behind the significant rental growth seen over the past few years.
Rents - how will they change by 2027? - Letting Agent Today
The rental market has experienced cooling growth rates following record peaks in 2023. Despite this slowdown, rental growth is still outpacing inflation, with both the costs of new contracts and renewals rising.
Renters now want smaller and competitively-priced units – top agent
One of the country’s highest profile agents is warning that affordability ceilings are now defining the private rental sector. Jeremy Leaf – the former RICS chairman who now operates his own north London agency – says: “Rental supply as only increased marginally whereas demand and rent levels have eased in response to affordability concerns.
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.
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.
The three qualities landlords want from letting agents – revealed
A new survey of 4,000 landlords has identified the three qualities they look for in a letting agent. Whereas trust and liveability are key qualities vendors look for when selecting a sales agent, landlords want these three – knowledge, listening and responding to questions.
Agency claims no new exodus of landlords – at least yet
Agency group Lomond says the number of tenanted properties being listed on the sales market has fallen by nearly 20% since the end of June. It claims this indicates that Labour’s Renters’ Rights Bill has not yet resulted in a mass exodus of landlords.