Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Letting Agent Use Reaches Highest Level in Two Years
Letting agents are now managing 66% of private rented homes in England and Wales, according to research for the National Residential Landlords Association (NRLA). This is the highest proportion recorded for at least two years.
The report from Property118 highlights that landlords are increasingly turning to letting agents as rules governing rented property become more complex. The trend suggests that more landlords are relying on professional support to navigate the changing regulatory landscape.
This development is particularly relevant for UK letting agents and inventory clerks, as it indicates a growing demand for their services in the private rented sector. The increased involvement of agents may also reflect the challenges landlords face in keeping up with evolving property regulations.
Source: Property118