Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
Letting Agent Use Hits Two-Year High in England and Wales
Two thirds of rental properties in England and Wales are now managed by letting agents, marking the highest proportion in two years. The National Residential Landlords Association links this increase to growing regulatory complexity and has called for accelerated training standards.
This trend may be relevant for UK letting agents and inventory clerks, as it highlights a shift towards greater professional management in the private rented sector. The report suggests that regulatory changes are influencing landlord decisions regarding property management.
Source: PropertyWire