Sudden Spike In The Use Of Letting Agents

The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, a survey of property investors shows. Six in 10 (61%) landlords say they currently use a letting agent to manage their properties, a rise of 7% on Q4 2016. This sudden rise represents a break from the norm, as the proportion of landlords who use an agent has remained relatively consistent over the last few years, having only risen from 53% to 54% between 2014 and 2016. Research also reveals the proportion of landlords who self-manage fell from 46% to 39%. Read more on 24housing.