The transition from fixed-term tenancies to periodic could reduce revenues for agents by a quarter, research from Goodlord has found.<\/p>\n
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.<\/p>\n
William Reeve, chief executive at Goodlord, said: \u201cThe sector is under huge pressure on all fronts \u2013 tenants, landlords and agents alike are feeling the strain, with more changes and uncertainty still to come.<\/p>\n
\u201cThis is a resilient sector that\u2019s used to weathering storms, but the pressure seems to be increasing rather than abating.<\/p>\n
\u201cWe hope these insights and full report shine a light on these areas and help decision makers take the necessary steps to ensure the PRS remains healthy, thriving and supported.\u201d<\/p>\n
\t <\/p>\n
Attracting landlords is the priority for 70% of agents, while 61% said they are prioritising new ways of generating revenue.<\/p>\n
Energy efficiency rules continue to concern landlords, as 63% of landlords said they perceive the proposed EPC Band C target negatively, with many unwilling or unable to meet the required investment.<\/p>\n
Nearly half (45%) say they\u2019d spend no more than \u00a32,000 per property, and only 19% would go above \u00a35,000 \u2013 far short of the proposed \u00a315,000 cap, ahead of the 2028 deadline for compliance.<\/p>\n
Some 39% of landlords saying they\u2019d rather sell than invest in the required energy efficiency upgrades.<\/p>\n","protected":false},"excerpt":{"rendered":"
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: \u201cThe sector […]<\/p>\n","protected":false},"author":1,"featured_media":4159,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n