RE: Back to 90p on Q3 report17 Oct 2017 20:59
Fully agree, when this was scrapped in Scotland rents rose 4.7% as landlords looked to suck up costs by increasing rent. Thus won’t happen overnight in London as you’ve still got those who bought years ago and just need to cover mortgages so will take at least a year to see the rise happen. The agents are going to have to suck up 25%-50% of the associated costs according to ARLA and with a decrease in competitors fees in an attempt to scramble for stock Foxtonsvate go to find themselves in a sticky situation unless they alter their strategy and offer flexibility on fees and contract timescales