Sales and lettings agents… “there may be trouble ahead”

Expect rising rents as lettings agents, hit by new rules, pass fees to landlords who, in turn, pass them back to the tenants the new laws were intended to protect. Expect stock to fall, as new energy efficiency standards are applied, and demand to rise.

Meanwhile estate agents predict disappointment for first-time buyers as new Stamp Duty tax relief fails to make a dent on the market. The NAEA is looking for the relief to be rolled out to all buyers in an effort to kick start sales.

More comments from both ARLA and NAEA here.