The lettings industry's most comprehensive report

Lettings professionals reveal concerns about the Renters' Reform Bill, cost of living crisis, and low stock in this year's State of the Lettings Industry Report, with exclusive insights from more than 600 lettings professionals and 2000 tenants.

2022

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New insights from lettings professionals on the Renters' Reform Bill

In the industry's first major survey since the White Paper was released, letting agents and landlords have revealed how they feel about key proposals under the Renters' Reform Bill. Download the full report for additional insights on the Renters' Reform Bill and more.

A third (32.95%) of agents said they were "very concerned" about the impact of the Renters' Reform Bill on the private rented sector (PRS)

A further 47.81% said they were "somewhat concerned". Over half (55.91%) of landlords said they were "very concerned" about the impact of the Renters' Reform Bill on the PRS.

Abolishing section 21 remains the most contentious proposal with 28.30% of agents expecting it to have a "major and negative impact" on the PRS.

Only 21.61% of agents thought it wouldn't have any impact on the private rented sector. 53.26% of landlords expect abolishing section 21 to have a "major and negative impact". In contrast, 22.95% of tenants said they thought it would have a "major and positive impact".

40.38% of agents expect the introduction of a single system of periodic tenancies to have a negative impact on the PRS.

Of those, 19.24% expected this to be a "major and negative" impact. 35.11% of landlords said they thought the introduction of a single system of periodic tenancies would have a "major and negative" impact on the private rented sector.

39.65% of agents expect the new rules on allowing pets in lets to have a negative impact on the private rented sector

16.99% said this impact would be "major and negative". 61.12% of landlords expect this proposal to have a negative impact on the private rented sector, with 45.56% saying this impact would be "major and negative".

39.32% of agents said they were "very confident" that their businesses were set up to cope with future legislation changes

A further 36.11% said they were "somewhat confident". In comparison, only 22.34% of landlords said they were "very confident" that they were set up to cope with future legislation changes.

Tenants want to see more lettings legislation

Tenants will likely react positively to the introduction of the Renters' Reform Bill with two-thirds of tenants (69.41%) agreeing that they would "like to see more legislation introduced around renting in the UK".

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