Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Landlords Increase Auction Sales After Renters Rights Act
Landlord Today reports that landlords are increasingly turning to property auctions to sell units as the Renters Rights Act comes into effect. The article states that auction activity is up by over a third.
This development may be relevant for UK letting agents and inventory clerks monitoring changes in landlord behaviour and property turnover. The report highlights a notable shift in the property market following new legislation.
Source: Landlord Today