What does the new prime minister have in store for the rental market in 2023?
Letting industry experts will come together tomorrow to discuss how landlords will fare against a backdrop of higher interest rates, and how tenant behaviour is likely to change as the economy contracts.
Property Academy founder, Peter Knight, and letting director at Martyn Gerrard, Greg Tsuman, will both take part in a Goodlord hosted webinar tomorrow, which will also include the firm’s CEO, William Reeve, and director of insurance, Oli Sherlock.
The speakers will discuss a wide range of issues, including what legislative and regulatory changes are on track for 2023, including the possibility of new regional rent freezes, the roll-out of Welsh reforms, the dawn of Making Tax Digital, and whether we will see the Rental Reform Bill finally pass into law.
There will also be a live Q&A with the agents and landlords who attend.
Knight commented: “After a rollercoaster three years, it seems that 2023 will bring no respite for the industry. Tenant demand looks set to remain high, with new challenges to navigate also coming thick and fast. Ensuring businesses are prepared and operating as efficiently as possible will be essential. I’m hoping that this webinar will be a great opportunity to explore these areas and help people think through what they should be prioritising come January.”
Reeve added: “Looking ahead to next year, there is plenty for business leaders in our sector to get their heads around. We will be contending with a fragile economy, reams of new legislation, and a shaky political backdrop. It’s certainly going to be a big year. I’m looking forward to discussing predictions and insights with this talented panel.”
The free webinar is taking place at 10am on Wednesday 14th December. You can sign-up here.
Talk as much as you like Civil Servants do not listen. You gate a polite nod and then behind closed doors carry on with their own agenda…….. otherwise we wouldn’t be in this mess if they listened to the rental industry.
Social Housing shortage is a root cause by all political parties, quickly followed by officials using PRS for SH tenants and then quickly followed by SH policy into the private sector … where they have no right to be.
The damage is done and unless Government offer a cherry or two, it will take many years to recover, if ever. We forecast the continue decline in stock in the current uncertain fiscal climate and regulatory changes.
Regulatory changes, if communicated correctly .i.e. the positive side and not allowed to be seen as all doom and gloom, even if it isn’t! Going after the rogue landlords and properties is fair game but what do you do with the tenants that then join an already long waiting list of tenants? Leave them in those properties in many cases is obviously not suitable but where can they go?
Good landlords and good properties should not be concerned over any regulatory changes. Gross tax is a problem for some and I don’t know where anyone classed (landlord demonised!!!) as a business pays tax on gross. That should be repealed. Excess stamp duty fees should also be scrapped if providing housing … actually repeal it completely. Those that can afford second home, can afford the extra stamp duty so that wasn’t a deterrent and government shot themselves in the foot again.
Landlord provide an invaluable service to society.
That message was lost in all the political rhetoric and from pressure groups a decade ago and the rot set in.
Considering all the benefits available to the tenants ……. what benefits does a landlord receive from the state to assist them in providing housing and a service to house people on their behalf = ZILCH.
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Forgot to mention …. Time tenants were more accountable. Failing to pay rent in a legal contract should be criminalised and the notion that there is no such thing as tenant lifestyle ………….. lost for words on that mentality with government officials.
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