Hertfordshire & Buckinghamshire Regional Meetings

  • Hertford - Thursday 8th February 2018 12:00 - 15:00
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Meetings are open to everyone however booking is essential as spaces are limited. For non-members it's £15.00 +VAT to attend.

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Gemma Parr

November 2017

My experience over the last few months in the lettings market, can only be described as a rollercoaster ride. The inevitable lull over the summer holidays has led on to an incredibly busy few months, with a high demand for property. However, any slight increase in rent levels that we have felt since the start of the year are starting to level out again. The higher end of the market is slow, unless competitively priced, but the smaller “bread and butter” properties continue to let easily.

My concerns for the investor landlord stock are currently unfounded. We continue to see our investment landlords taking advantage of a slower sales market and are seeing new stock coming on at a satisfying rate. We also seem to be working even closer than normal with our sales department. The rise of the accidental landlord has given us more stock to meet the pre-Christmas demand.

Our busy Property Management department has seen an increase in end-of tenancy deposit disputes, which just highlights our need to make sure that our inventory clerks are producing accurate documents. We are also finding a higher level of renewal documents being generated by our office, proving that many tenants are staying put once they find the right home.

As agents and landlords are facing new challenges with the imminent tenant fee ban and changes to the EPC regulations, the industry will have to adapt to ensure that high standards are still being met, but that extra costs are minimised. This is certainly the focus of our busy office, heading into 2018.

Gemma Parr MARLA
ARLA Propertymark Regional Representative
gemmaparr@arla-reps.co.uk