There was little change to average rents in England in April 2021 showed the latest Goodlord Rental Index, but void periods rose in most areas of the country.
The government has published new guidance for agents and landlords on how the English right to rent checks should be carried out from 17 May 2021, after the temporary measures introduced in March 2020 expire, and has dropped its requirement for retrospective checks for this period.
What could enforcement, agency costs and a potential timeline for the Regulation of Property Agents look like? Sean Hooker, Head of Redress at the Property Redress Scheme, shared his expert view at a recent Goodlord webinar.
Each region monitored by Goodlord saw a rise in the average cost of rent during March, the first time we have seen such a uniform increase across England since July 2020.
Don't sit back and wait for your landlords to provide you with reviews and referrals. Make sure you're leveraging the loyalty you've earned by asking for a review and highlighting referral schemes.
An analysis of 255,000 tenancies shows that revenues from student lets dropped by 30% in 2020, with the amount spent on student properties dropping from 12p in every £1 to just 8p between 2018/19 and 2020.
Once lockdown came into effect on 23rd March 2020, the impact on the sector was swift, but the pace of activity appears to be increasing, pushing volumes much closer to those seen in 2020 before the pandemic hit.
Your agency can tap into positive sentiment from your landlords to help ensure their continued loyalty, encourage more take up of all the services that you have to offer, and win more instructions. Find out how, in this extract from "How to win more landlords in a challenging environment".
The Government has extended the evictions ban and six-month notice periods in England until 31 May 2021.
Average voids dropped by 3 days across England as a whole shows the latest Goodlord Rental Index, with certain regions seeing a sizeable reduction in voids.
Rents held steady across England whilst the salaries of renters rose during April, according to the latest Goodlord Rental Index. However, as lockdown restrictions eased and the population focused on enjoying their new freedoms, voids rose in most areas of the country.
Topics: Data
Since 30 March 2020, temporary measures for the right to rent checks in England, which traditionally take place in person, have been in place. Now, the government has published guidance on how the checks should be conducted after 16 May 2021, with retrospective, in-person checks no longer required for that period.
Topics: Compliance
The Regulation of Property Agents (RoPA) has been a long time coming, with the working group report published back in July 2019. Many agents are already starting to prepare by gaining level 3 qualifications and above, as is the expected requirement once the law is enacted - but there are still some questions left unanswered. Sean Hooker, Head of Redress at the Property Redress Scheme, answered some of those questions in our webinar, "Preparing for the Regulation of Property Agents (RoPA)".
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Topics: Compliance
The latest Goodlord Rental Index shows a buoyant lettings market in March. Tenant incomes rose across England, with rents increasing alongside. The average void period also stayed steady month on month.
Topics: Data
Once you’ve demonstrated to your landlords how much value you provide, don't be afraid to ask them if they’d consider leaving your agency a review on Google, allAgents, or Trustpilot or providing you with a testimonial you can use on your website and marketing materials.
Topics: Business
The pandemic has had a major impact on the student rental market, a new analysis by Goodlord has revealed. During 2020, revenues from student lets dropped by 30% compared to figures from 2018 and 2019.
Topics: Data
One year ago, the lettings market ground to an abrupt halt. With viewings and moves prohibited under all but the most exceptional circumstances, the whole industry scrambled to cope with this dramatic turn of events. In the 12 months since, letting agents and landlords have worked tirelessly to get the industry back on track and enable tenants to safely move house. We reviewed the highs and lows of the past year by the numbers, with volumes tracked using our Lettings Activity Tracker.
Topics: Data
A landlord’s journey doesn’t end when they decide to take up your services. In fact, it’s only just beginning, and a successful relationship could drive even more business for your agency.
Topics: Business
The situation with Covid-19 is rapidly changing and this article will continue to be updated throughout. For the latest guidelines, please refer to gov.uk.
The evictions ban in England, as well the requirement for landlords to provide 6-month notice periods to tenants, has been extended until 31 May 2021. Exceptions remain in place for the most "egregious cases", including illegal occupation, anti-social behaviour and arrears of six months’ rent or more. The ban on commercial evictions has also been extended, to 30 June 2021.
Topics: Covid-19
The latest Goodlord Rental Index indicates that February was another strong month for the lettings market, with rents holding steady and voids falling as tenants start to look beyond the pandemic. Following a better than expected performance for the lettings market in December and January, February figures provide additional cause for optimism for agents and landlords.
Topics: Data
