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Rent controls are top concern for estate agents, reveals report

first_imgHome » News » Rent controls are top concern for estate agents, reveals report previous nextRegulation & LawRent controls are top concern for estate agents, reveals reportThe spectre of rent controls or caps is a much greater worry for the industry than Brexit or the tenant fees ban, says Goodlord.Nigel Lewis11th February 20200511 Views Estate agents are more worried about the potential introduction of rent controls across the UK than any other issues, a key survey of sentiment within the industry has revealed this morning.Just over half (53%) of all agents say it is their greatest worry at the moment, way ahead of almost all other issues facing agents.This includes (in descending order) property market volumes, the tenant fees ban, making ends meet, supplier price increases, AML compliance, Brexit and property prices.Agents also no longer seem worried by the ‘online agent threat’ after the collapse or struggles of several high-profile websites including eMoov, Tepilo, Upad and Hatched.Only 10% of agents told lettings platform Goodlord’s researchers that they are worried by competition from hybrid and online competitors.Agents’ worries over rent controls seems odd given that it is only Scotland where they have gained any traction.In the rest of the UK only the cities of London and Manchester have said they’d like to implement rent controls or caps, but don’t yet have the powers to implement them – and are unlikely to get them while the Conservatives are in power.During the election campaign Jenrick appeared to go soft on rent controls, accepting that something needs to be done to reign-in excessive increases in rents. But he said ‘traditional’ rent controls were out of the question.“Whilst a significant proportion are currently pessimistic about the future of the industry, it’s heartening to see that a much greater proportion are optimistic about the agencies they work for,” says Tom Mundy, COO at Goodlord.“Despite this being a major period of transition for the whole industry, most are doing all they can to make the best of a tough climate.”Read the report in full.   goodlord rent caps rent controls Tom Mundy estate agents February 11, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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AP1 lifts first half return to 5.2% after busy property phase

first_imgSwedish pension buffer fund AP1 recorded a 5.2% investment return for the first half of 2017, up from the 3.5% generated in the same period in 2016, according to interim data.The fund’s assets swelled to SEK322.9bn (€33.2bn) by the end of June, from SEK310.5bn at the end of December. It passed SEK3.7bn on to the Swedish pension system in the six-month period for the payment of state benefits.Johan Magnusson, AP1’s chief executive, said: “Naturally we are delighted to have helped strengthen the Swedish pension system for so many years, but the outlook for being able to [continue] delivering a high real return is more demanding. “The market conditions with long-term low interest rates are the primary factor that has increased returns and asset prices in such a way that it is realistic to expect a period of lower returns than normal for most classes of assets.” The pension fund said that it had been particularly active in its real estate investment activity in the reporting period, making several direct investments.These included increasing its holding of retail properties in Secore Fastigheter, the continued expansion of its investment in real estate company Willhem, as well as a new joint venture with Finnish pensions insurance company Elo.The Swedish fund said its return outperformed its strategic benchmark by 1.2 percentage points in the January-to-June period, which equated to SEK3.6bn.Magnusson said that as one of the referral bodies, AP1 would be familiarising itself with the details of the proposal for revised investment rules for the AP funds that the government recently presented.“Generally speaking, however, we welcome the proposal as it brings our current investment rules up to date,” he said.More modern, flexible rules could give AP1 a better foundation to achieve its return target in the long term, Magnusson said.last_img read more

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Paying athletes jeopardizes college football’s integrity

first_imgChange is on the horizon in college sports, as universities will have the option of paying athletes beginning in 2016.This comes after U.S. District Judge Claudia Wilken ruled in favor of former UCLA basketball player Ed O’Bannon in his case against the NCAA in August. Once athletes’ college careers end, they could potentially be paid through a trust fund that is to be set up.The NCAA is currently appealing the decision issued against them by U.S. District Judge Claudia Wilken in the Ed O’Bannon case. — Photo courtesy of Creative CommonsThere is no doubt this will have benefits for athletes. Finally, these student-athletes will get some compensation for all the money they bring into their respective universities and the NCAA, and be able to get through college without “going hungry”, as former Connecticut basketball guard said following the team’s National Championship victory.Nonetheless, this change could forever alter the landscape of college sports, especially college football. One of the reasons people love college football is because it’s not the same as the NFL, in part to the many traditions the sport evokes and because of the culture surrounding the many colleges programs, rather than just the individual.If you just take some time to watch the intro to “College Football Live”, you will hear and see fight songs, rowdy fans, and be able to observe the over-arching legacy of a college program.Many big-time players are able to become very famous rather quickly in college football; for instance, Texas A&M quarterback Kenny Hill was all over ESPN after throwing for over 400 yards against South Carolina in the first game of his collegiate career.Despite the great amount of attention those such as Kenny “Football” have received, a player can get in trouble for expressing his/her individuality. While NFL players, like Aaron Rodgers, are famous for touchdown dances or signature moves, a college player who celebrates or so much as unnecessarily dives into the end-zone can be penalized by the referees. This may seem unfair, but after all, it’s college football. But in the future with program’s potentially paying players, the thin line between an individual and the team may become blurry.Many players have already acted like they are entitled to certain privileges including former Aggie’s quarterback Johnny Manziel or last year’s Heisman trophy winner in Florida State QB Jameis Winston.What will happen when big-name players for big-name programs know that will be paid for their services regardless of the outcome of the game? It very well may become more difficult for some players to maintain their discipline and focus on the team when they know they will be getting paid potentially thousands of dollars.Another reason people love college football is to see Cinderella teams or underdogs upset the Goliath’s by wining big-time bowl games against big-name power five conference opponents like when Boise State beat Oklahoma in the 2007 Fiesta Bowl or when TCU beat Wisconsin in the 2011 Rose Bowl.Nevertheless, the powerhouse football programs may further distance themselves from the smaller ones with this recent court decision. Many highly-ranked recruits out of high school may start making their decisions based on which program will potentially pay them the most, and the Alabama’s, the USC’s and the Texas’s of the world will be able to offer them what they want, leaving the Boise State’s at an even greater recruiting disadvantage than they are at now.Paying college athletes is probably the right decision, but college football and its programs must be very careful in order to maintain their identities.last_img read more

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