Landlord Tenant

Future of Landlords and Agents in UK

Posted on June 24th, 2008 | by John Glenn |

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A report, jointly sponsored by the NAEA, the Royal Institute of Chartered Surveyors (RICS) and the Association of Residential Letting Agents (ARLA), pulls no punches in its assertion that the market for buying and selling homes in the UK is simply not working. The housing market in UK is rapidly going down very frequently.

The estate agency sector in the UK is far from perfect and whilst the whole raison d’etre of the NAEA since its inception has been to promote and encourage best practice and provide a quality training infrastructure for agents, we know there is still more to be done, said by Peter Bolton King, Chief Executive of the NAEA. He said that that all agents practicing in the UK should be registered by an official body and regulated by an independent standards board is one we wholeheartedly endorse.

NAEA said that we will be working very closely with our members over the coming months to look at ways in which we can better communicate with the general public in explaining exactly what estate agents do and what buyers and sellers should expect from our members. The NAEA very much welcomes the reports proposals with regard to simplifying and speeding up the legal processes surrounding house purchases and sales.

RICS believes that the Carsberg Review of Residential Property should be the basis for major reform of the residential property sector. The consumers should be central to any reform, with emphasis placed on providing better information and basic protections for any person buying, selling or letting property.

Tags: ARLA, Landlords and Tenants, NAEA, RICS



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