Banning tenant fees could have both positive and negative impacts for anyone competing in the property market. Your perspective is likely to be shaped by your political ideology and whether you are a tenant, landlord or estate agent. In this article I give a balanced idea as to the potential impact of banning tenant fees.
Cowboys and Rogue Traders are a nightmare for consumers in the Property Market, they provide a shabby service and take away people's hard earned money. In this article I suggest that property organisations ought to work together to help consumers access reputable traders which in turn will provide less scope for cowboys and rogues to make money.
To summarise, the latest property price reports from Rightmove, Hometrack, Nationwide, Halifax and the Land Registry show that prices are picking up, although may not be for every town or house within it, but certainly each region is showing growth now. Inevitably, the commentary is turning to whether this increase is 'sustainable' or not.
Well, I have tried for months now to say there is no housing bubble. But economists, politicians and 'consultancies' are still banging on about it. So lets take a good look at what's happening in London, when is a bubble really a bubble - not just a handy headline to secure PR - and if there is a bubble, who's responsibility is it to stop it? Lenders? Surveyors? Agents? Mark Carney?
If MPs are to create and set housing policies, they must understand how housing markets actually work - not just take information from report 'averages'. Averages such as property affordability, house prices, rents etc, hide a multitude of things that happen at a local/individual level, often within postcodes. Policies based on averages don't and won't work.