National and local politicians are considering further regulation of short-term lets amid fears that they are contributing to a housing supply shortage.
It’s a case of diverging results this month: rents are rising and expected to rise a lot further, while house prices and transaction numbers are still in the doldrums as high interest rates hold down demand.
Estate and letting agents will have to add more information to property listings, following new Material Information guidance from the National Trading Standards Estate and Letting Agency Team.
Politicians have recommended that landlords should have to investigate and fix maintenance issues more quickly – or face court action.
Estate and letting agents will soon need to help overseas buyers of UK properties navigate tougher checks.
With one of the world’s most successful vaccine rollout programmes under way in the UK, the chances of a complete lockdown – where agencies are forced to close – are hopefully slim. However, it doesn’t hurt to be prepared!