Ladybird Living – Your London Estate Agent

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Risks for smaller agencies from big mergers

In recent years, there has been a noticeable uptick in acquisitions within the letting industry, with larger firms consolidating smaller agencies. This prompts the question of whether independent small agencies will soon become obsolete.

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Property licensing in 2024

Navigating property licenses poses a significant challenge for letting agents and landlords. The realisation that one in four properties necessitates a license, coupled with the dynamic nature of the legal framework changing every eight days, adds considerable stress.

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How to manage an increasing number of property inquiries

A substantial surge in calls to leasing agents has led to staff spending more time than ever addressing phone inquiries. Agents are facing up to ten times the usual number of daily incoming calls in recent months according to Agent Rainmaker. However, these challenges can be alleviated through the adoption of technology-centric solutions.

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Secret subletting among tenants

Airbnb, a platform specialising in short-term rentals, has sparked controversy within the private rented sector by encouraging tenants to lease out their spare rooms. A previously conducted survey by Airbnb, now removed from their website, revealed that 80% of tenants seek additional income due to the escalating cost of living, proposing subletting as a viable solution. The platform even suggested potential benefits for landlords, such as reducing the risk of rent arrears.

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Rent decreases by 11% since summer ended

Rent prices took a notable 11% downturn following the scorching summer as the market experienced a cooling phase in October. The latest report by the Goodlord Rental Index indicates a substantial drop in the average rent for new tenancies over the past month, aligning with the dissipation of the summer's high demand.

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