Renters Rights Bill could slash agency revenue by a quarter
Original Article Summary
The transition from fixed-term tenancies to periodic could reduce revenues for agents by a quarter, research from Goodlord has found. Agents say a quarter (27%) of their revenue comes from renewals, while for London this rises to 37%, the State of the Lettings Industry report shows. William Reeve, chief executive at Goodlord, said: “The sector […] The post Renters Rights Bill could slash agency revenue by a quarter appeared first on PropertyWire.
PropMatch Curated Analysis
Research shows the Renters Rights Bill could cut letting agent revenues by 25-37% as fixed-term renewals disappear, while 39% of landlords would rather sell than invest in EPC Band C upgrades by 2028.
Investor Relevance
Critical for understanding the changing economics of the PRS - landlords face reduced agent services, higher costs, and potential portfolio exits by other landlords creating both risks and acquisition opportunities.
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