Letting agent use hits two-year high amid complex rental rules
Summary
New research cited by the NRLA suggests that two thirds of rental homes in England and Wales are now managed by letting agents, the highest level in two years. The association says growing complexity in the rental market, including the Renters’ Rights Act and further regulation, is driving greater reliance on agents and increasing concern about unqualified operators.
Why it matters
Residential property surveyors may see more professionally managed rental stock and greater demand for advice linked to compliance, standards and agency competence. The article also signals continued regulatory change in the lettings sector, which can affect property management expectations and risk profiles.
Key points
- Two thirds of rentals in England and Wales are reportedly managed by a letting agent.
- The NRLA links the rise to landlords seeking help with the Renters’ Rights Act and wider regulation.
- The association warns that unqualified or poorly informed agents pose a growing risk.
- Minimum education and training standards for agents are being urged.
- A new code of practice and mandatory qualifications for estate agents are mentioned as part of wider reform.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
