Agency earnings at risk as Renters’ Rights Bill looms, report warns
Original Article Summary
Periodic tenancies could slash agency revenue by 27% - new figures
PropMatch Curated Analysis
Letting agents face major revenue disruption as 27% of income comes from tenancy renewals which will largely disappear under the Renters' Rights Bill. Meanwhile, 63% of landlords view EPC upgrade requirements negatively with 39% considering selling rather than upgrading.
Investor Relevance
Critical for understanding upcoming structural changes to the lettings market that will affect agent relationships, management costs, and property upgrade requirements. Investors need to factor in higher agent fees, potential agent consolidation, and landlord exodus from EPC upgrade requirements.
Original Source:
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