As we start 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.

When a tenant is evicted from a rental property, it is not uncommon for them to leave behind personal belongings.

Once the Renters’ Rights Bill passes, Section 8 notices will become the main way to evict tenants.

The Renters’ Rights Bill has passed it’s third reading in parliament last week, confirming amendments including landlords being banned for asking for more than one month’s rent in advance.

Looking Ahead to 2025, interest rates will remain a key factor shaping the property market. While we anticipate a gradual decline, we don't expect the Bank of England to lower rates as sharply as initially predicted.

As we step into 2025, it’s the ideal moment to reflect on the UK property market in 2024. The past year was one of recovery and adaptation and was an unpredictable year for UK landlords. There was a general election, reforms and tax changes to deal with.

The latest data from Christopher Watkins and TwentyEA shows (see tables), listings are good and are turning into healthy transaction numbers. Although it’s busy, home moving services are hopefully not under quite as much pressure as they were in 2021.

The Labour government wants development projects to bypass planning committees when they comply with local plans.