As some of you may know, the backbone of the Rentview team are currently over in London to attend the Annual NALS Conference where they are exhibiting our letting agency software to the masses. The conference is one of the most popular of its kind and our own Andreas has been live tweeting some great nuggets of information throughout the day. So here are the best bits coming from the Annual NALS conference:
- As expected the Rental sector is set to continue its growth as the new generation cannot afford to become first time buyers in the market
- The average age of first time buyers in London is four more years (36<40) than that of the rest of the UK
- What are the leading traits of successful and competent agents in the UK? Highly responsive, customer-focused and ethical
- Green deal is set to keep utility costs lower for tenants and agents
- The private rented sector is a whopping 16.5% of housing stock and this is an 84% increase compared to the same time in 2001
- Students in the UK are being severely affected becoming first time buyers going forward due to the national student debt
- What’s the one area in the mortgage market that’s growing? Buy-to-let properties, due the growth in the rental sector across the UK
- Apparently 30% of peoples take home pay is going on rent! And almost 70% of London’s renters expect a rise in rent next year!
- Increase the marketability of your property through using an interior photo as the cover photo rather than an outside one.
If you are based in the UK what are your thoughts on all this relevant information and if you are an Irish based agency do you see the same happening here? Let us know through our Facebook and or the Twitter page, we appreciate the comments!
by Rentview