lettings industry
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Latest property news
Lettings industry seniors call for mandatory qualifications for all staff
Zoopla's Lettings Advisory board, which includes many high-profile people from the industry, wants to level the playing field for both agents and tenants.
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Nigel Lewis
Friendly fire
Nigel Lewis looks at how the lettings industry is under attack from the most unlikely quarter – a Conservative government.
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Agencies & People
The Covid excuse
A sad, personal experience with a heartless ‘corporate’ vet has Adam Walker wondering if the lettings industry could go the same way.
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Latest property news
‘Lettings agency sector will consolidate into a handful of players in ten years’
Prediction is made by industry business acquisitions expert Adam Walker, who says he has seen huge surge during Covid.
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Latest property news
2018 will see the lettings industry consolidate, predicts Belvoir
The UK’s largest franchise firm Belvoir says a rush of acquisitions by its franchisees of competitor companies both during 2017 and into the New Year suggest the lettings industry faces a wave of consolidation as the fees ban looms. Belvoir says its lawyers are currently processing a “robust pipeline” of competitor acquisitions by its franchisees in recent months. The company says these acquisitions will be completed during the first three months of the year and that the “appetite for securing portfolio acquisitions reflects the entrepreneurial spirit of our franchisees who are adapting to changes within the sector and seeing opportunity for growth as the sector consolidates,” says CEO Dorian Gonsalves. Belvoir also says it helped its franchisees buy up 23 competitors last year, adding 2,264 properties to its lettings business. This brings the total number of properties managed by Belvoir Group companies to over 58,000, and helped increase its network revenue by £3.3 million, exceeding the £3 million target set by its board for 2017, and raising its head office fee revenue by £350,000. Helping hand The high number of competitor acquisitions has also been boosted by Belvoir’s Assisted Acquisitions programme, which encourages existing franchisees to buy local firms, helped…
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Housing Market
Property industry welcomes new Tory Government
The Conservative victory in the General Election has been welcomed by the housing industry. It should provide welcome stability to the residential property market. Glynis Frew (left), Managing Director of Hunters Property Group, said, “We welcome a Conservative victory as this will bring some much needed stability to the property market, and from stability comes growth. We look forward to seeing the extension of Right to Buy to 1.3 million housing association homes in England, and more importantly, the introduction of 200,000 starter homes by 2020. We anticipate this will have a massive impact on the market. What’s more, the Government’s Stamp Duty reforms announced in December last year have already had a positive effect on the housing market, so we are pleased this will stay in place.” Lucy Morton, Director and Head of agency at Prime Central London estate agency, W.A.Ellis, said that her firm noticed an immediate change in sentiment from both vendors and purchasers after the election result, following months of uncertainty and the threat of Labour housing policies, including the planned introduction of a mansion tax. “A Conservative victory is a good result for the housing market, particularly in London,” she said. “As we opened for…
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Regulation & Law
How to be a better lettings industry?
Jeremy Leaf looks at how we could improve the reputation of the industry.
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Features
How do rental markets in Europe work?
Andrea Kirkby compares rental markets across Europe to give an insight into our own future.
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