No surprise. What politicians don’t seem to understand is that Agency is a VERY time-consuming business, irrespective of our understandably low opinion of Agents. If we stop them making money by banning fees, then it will only result in higher rents. The media will complain about increasing rents, and how much tenants are being ripped off. More legislation will result because politicians just don’t understand market forces. This will probably mean rent controls (Labour already stupidly wanting to introduce these), and then Landlords will simply say there’s no profit & more financial risk so will sell up. What then happens to the Private Rented Sector, which the Gvmt relies on to provide housing?

http://www.propertyindustryeye.com/scottish-agents-lost-9000-a-year-per-branch-after-fees-ban/

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