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1 in 2 less likely to buy or rent if property information is missing

  • From the end of May 2022 all property listings for both sales and rental property must include a property’s price, council tax band or rate and for sales, tenure information.
  • The new rules are the result of their research which found 90% of home movers and renters would prefer to find detailed information when searching on a portal.
  • Later changes are set to be backed by legislation and will make compulsory the inclusion of details including utilities, flooding risk and non-standard features such as restrictive covenants.
  • Over half of consumers (54%) said they would be less likely to buy or rent a property where information was missing on a property portal.

 Source: Dataloft, National Trading Standards Estate and Letting Agent Team (NTSELAT)

James Williams 06.03.22

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