Posted on

UK Property Market Continues to Show Strong Levels of Activity

The UK property market continues to demonstrate encouraging levels of activity, with the latest figures showing that the number of homes being sold remains comfortably above pre-Covid levels.

According to the latest market data for the week ending 30 August 2026, 832,000 homes have gone under offer or been sold subject to contract so far this year.

That is 5.7% higher than the average for the same period between 2017 and 2019, when 789,000 properties had reached the same stage of the sales process.

For anyone considering moving home, the figures provide a positive indication that the property market continues to operate at a healthy level, with buyers and sellers actively making decisions and transactions continuing to take place.

Nearly 100,000 Sales Agreed in August

August also saw a significant number of properties agree sales.

There were 97,900 sales agreed during the month, considerably higher than the 87,600 recorded in August 2023.

This provides further evidence of an active market, with thousands of homeowners successfully finding buyers and thousands of purchasers moving forward with their plans.

The figures also demonstrate that there continues to be a good flow of property through the market as we move towards the autumn months.

Plenty of Property Coming to Market

There is also a healthy supply of homes available to buyers.

A total of 1.231 million new property listings had come onto the market by week 34 of the year. This is broadly in line with the same point in 2025 and is around 10% higher than the average for the equivalent period between 2017 and 2019.

There were approximately 767,000 properties available for sale on 1 August 2026, almost identical to the 763,000 available a year earlier.

For buyers, this provides plenty of choice across the market, while sellers continue to have the opportunity to put their property in front of a substantial pool of potential purchasers.

Most Sellers Are Achieving Their Asking Price

One particularly encouraging statistic is the proportion of sellers completing their sale without having to reduce their initial asking price.

Around 80% of sellers who completed a sale in 2026 did so without reducing their original asking price.

This highlights the importance of establishing an appropriate asking price from the outset and presenting a property effectively to the market.

For homeowners thinking about selling, an accurate valuation based on current market evidence can provide a strong starting point for a successful sale.

Property Values Continue to Rise

There is also positive news in the latest data on agreed sale prices.

The average price per square foot for properties where a sale was agreed reached £345.41 in July 2026. This represents a 1.2% increase compared with £341.43 a year earlier, and an 11.9% increase compared with five years ago.

While individual property values will naturally vary depending on location, size and condition, the longer-term figures demonstrate continued growth in the value of UK residential property.

A Positive Market for Buyers and Sellers

Taken as a whole, the latest figures provide plenty of reasons for confidence in the UK housing market.

Sales activity remains above the levels seen before the pandemic, almost 100,000 sales were agreed during August, more than a million properties have come onto the market during the year and average agreed prices per square foot remain above their level a year ago.

Every property market is different, and local conditions can vary considerably. However, the national figures provide a useful backdrop for anyone considering their next move.

At Benwell Daykin Estate Agents, we understand that buying or selling a property is about much more than national statistics. Local knowledge, an accurate valuation and effective marketing all play an important role in achieving the best possible outcome.

If you’re thinking about moving home, contact Benwell Daykin Estate Agents for an up-to-date valuation and advice on the current market.

Posted on

The Renters’ Rights Act in 2026

The Renters’ Rights Act is the biggest shake-up of the private rented sector in over 40 years, and it’s no longer on the horizon — it’s already law. The Act received Royal Assent on 27 October 2025, and the main tenancy reforms came into force on 1 May 2026. If you own a rental property anywhere in Nottinghamshire, whether it’s a single flat in West Bridgford, a family home in Ruddington, or an HMO let to students, these changes apply to you now. At Benwell Daykin, letting agents in Nottingham, we manage properties for landlords across the whole county, and this guide sets out exactly what’s changed and what you need to do about it.

What Is the Renters’ Rights Act?

The Renters’ Rights Act replaces the previous government’s stalled Renters (Reform) Bill and delivers on Labour’s manifesto commitment to overhaul renting in England. It rewrites the relationship between landlords and tenants across the board, covering how tenancies work, how rent can be increased, how landlords can regain possession of their property, and what information landlords must provide. The changes apply to new and existing tenancies alike, so if you’re a landlord with tenants already in place, you’re not exempt just because their agreement predates the Act.

Section 21 “No-Fault” Evictions Have Been Abolished

The headline change is the end of Section 21. Landlords can no longer serve a Section 21 notice to end a tenancy without giving a reason. If you need to regain possession of your property, you’ll now need to rely on one of the grounds set out under Section 8, which has been expanded to give landlords clearer routes to possession — for example, if you want to sell the property, move in yourself, or a family member needs to live there, or if the tenant is in serious rent arrears or breach of tenancy. The trade-off is that these grounds come with their own notice periods and evidence requirements, so it’s worth understanding which ground applies to your situation well before you need to use it.

If you’re unsure which grounds might apply to your property, our team can talk you through it — get in touch with us here or call 0115 990 2007.

All Tenancies Are Now Periodic

Fixed-term assured shorthold tenancies have effectively been abolished. Every tenancy is now a periodic tenancy with no fixed end date, meaning tenants can give notice to leave at any point (typically with a minimum notice period), and landlords can only end the tenancy using one of the Section 8 grounds. For landlords used to setting a 12-month fixed term, this is a significant shift in how you’ll plan re-lets, void periods, and cash flow — which is exactly the kind of thing a dedicated property manager should be tracking on your behalf.

New Rules on Rent Increases

Rent review clauses written into tenancy agreements no longer have any legal effect. From 1 May 2026, the only way to increase rent is via a Section 13 notice, and landlords must give tenants at least two months’ notice of any increase. Tenants also have the right to challenge a rent increase at a tribunal if they believe it’s above the market rate. This makes it more important than ever to base rent increases on solid local comparables rather than a flat annual percentage, since an increase that can’t be justified against the local market is now easier for a tenant to contest.

The Tenant Information Sheet

Landlords with tenancies that were already assured shorthold tenancies on 1 May 2026 were required to issue the government’s official Tenant Information Sheet to their tenants by 31 May 2026 — and failure to do so carries a civil penalty of up to £7,000. If you haven’t sent this yet, it needs urgent attention. Beyond that initial deadline, the requirement to provide this information sheet continues to apply to all new tenancies going forward, so it’s now a standard part of setting up any new letting.

What’s Still to Come

Not every part of the Act has landed yet. A new Private Rented Sector Database is due to begin a regional rollout from late 2026, with full launch expected in 2027, giving councils and tenants visibility of registered landlords and their compliance history. A Private Rented Sector Landlord Ombudsman, which will handle disputes without landlords or tenants needing to go to court, is expected to follow. The Decent Homes Standard, which will set minimum property condition requirements for the rental sector, isn’t expected to apply until much later in the implementation timeline. We’ll keep our landlords updated as each stage becomes clearer, but the direction of travel is consistent: more compliance obligations, more documentation, and more scrutiny of how rental properties are managed.

What This Means for HMO and Student Landlords

If you let to students or run an HMO, the same core changes apply — no more Section 21, periodic tenancies as standard, and the same Section 13 rent increase process. Student lets have historically relied on fixed 12-month terms that align with the academic year, so the shift to open-ended periodic tenancies is a particularly important one to plan around if this is your usual model. We manage a mix of single lets, family homes, and HMOs for professionals and students across Nottinghamshire, and we’re already adapting our processes for exactly this kind of property.

How Benwell Daykin Helps You Stay Compliant

This is a lot for any landlord to keep on top of alongside everything else involved in letting a property. That’s exactly why our fully managed landlord service exists — your dedicated property manager keeps track of notice periods, rent review timing, compliance deadlines, and documentation, so nothing slips through the net. Whether you’re renting out a buy-to-let property for the first time or you’ve been a landlord for years, our letting agents in Nottingham manage properties for landlords right across Nottinghamshire and we’re on top of every change as it lands.

Want a hand making sure your tenancies are compliant? Contact our team for friendly, straightforward advice, or call us on 0115 990 2007.

Frequently Asked Questions

Do I still need to serve notice to end a tenancy?

Yes. You’ll need to rely on one of the Section 8 grounds for possession rather than a Section 21 notice, and the notice period will depend on which ground applies to your situation.

Can I still increase the rent on my property?

Yes, but only via a Section 13 notice, giving tenants at least two months’ notice. Any rent review clause written into the original tenancy agreement no longer has legal effect.

What happens if I haven’t sent the Tenant Information Sheet?

Landlords who had an existing AST in place on 1 May 2026 were required to send this by 31 May 2026, with a civil penalty of up to £7,000 for non-compliance. If you haven’t done this, you should act urgently — our team can advise on next steps.

Do these changes apply to tenancies that started before May 2026?

Yes. The Act applies retrospectively to existing tenancies as well as new ones, so you’re not exempt because your tenancy agreement predates the reforms.

Does this affect HMOs and student lets differently to standard tenancies?

The core changes — abolition of Section 21, periodic tenancies, and the new rent increase process — apply in the same way. The main practical difference is that HMO and student landlords who relied on fixed academic-year terms will need to plan re-lets differently now that open-ended periodic tenancies are the default.

Where can I get help staying compliant?

Our fully managed landlord service covers compliance as standard, so you don’t have to track every deadline yourself. Call us on 0115 990 2007 or contact us here to find out more.

Talk to Nottinghamshire’s Landlord Specialists

Legislation like this is exactly why so many landlords across Nottinghamshire choose to work with a letting agent who stays on top of the detail. If you’d like to know how the Renters’ Rights Act affects your specific property, or you’re considering letting a property for the first time, get in touch with our team or call us on 0115 990 2007 for friendly, straightforward advice.

Posted on

How to Sell Property Fast

Selling your home can take an average of 4 months from start to finish. However, the actual time frame can vary depenidng on a number of factors, including chain size, your solicitors, your mortgage and much more.

If you’re in a hurry to sell, even a single day can feel like a long wait.

To speed up the process, you need to be strategic. By taking the right steps, you can make your home more appealing and increase your chances of a quick sale. Here are ten top tips to help you sell your home faster.

1. Fix Any Outstanding Issues

Unless you’re marketing your home as a fixer-upper, buyers will expect a well-maintained property. Any minor defects—such as cracked walls, leaky taps or tired looking paintwork can make a home seem like too much work. Address these issues before listing your home to ensure buyers see it in the best light. Hiring a tradesperson for a few quick fixes could make all the difference. Additionally, check that all doors and windows function properly, patch up any peeling paint, and ensure appliances are in working order. A well-maintained home will appear move-in ready, making it more appealing to buyers. Buyers are also less likely to ask for a major discount if everything looks in good condition!

2. Enhance Your Curb Appeal

First impressions are crucial when it comes to selling a property. When potential buyers arrive, their initial reaction will be based on the exterior of your home. Clean the windows, replace missing roof tiles, mow the lawn and jet-wash the driveway. Even hiring a contractor to do this for you is worth the investment if it makes your property stand out on the street. A well-maintained exterior will draw buyers in before they even step inside. Consider adding potted plants, trimming the hedge, removing weeds from the driveway and ensuring outdoor lighting is functional to create an inviting atmosphere.

sell property fast

3. Declutter the Property

Over time we all accumulate belongings, but excessive clutter can be a major turnoff for buyers. When a home is filled with items, each room can look smaller and less inviting. Before taking listing photos or arranging viewings, declutter every room. Consider putting excess belongings in storage to create a more spacious and inviting atmosphere. A neutral, clean space will also allow buyers to project their own vision onto the property, making it easier for them to commit.

4. Choose the Right Estate Agent

Your choice of estate agent can make or break the speed of your sale. While online property portals are popular, they may not provide the personalised service you need. Look for an estate agent with in-depth local knowledge who understands the target market and can highlight the best aspects of your area. Pricing alone shouldn’t be your deciding factor—work with someone who is genuinely motivated to sell your home quickly and efficiently. Ask potential agents about their marketing strategies, their experience with similar properties, and how they plan to attract the right buyers.

Benwell Daykin is trusted by hundreds of buyers and sellers as a go-to estate agent in Nottingham. You can call us to chat about your property on 0115 990 2007 or by using our contact page.

estate agent nottingham selling property fast

5. Opt for a Neutral Decor

Buyers need to envision themselves living in your home, and bold or outdated decor can be off-putting. While some buyers might be willing to renovate, many will be deterred by features like floral carpets, retro wallpaper, or pink bathroom suites. Repainting with neutral colours can create a blank canvas, making your home more appealing to a wider audience. This simple update can also improve the quality of your listing photos and attract more interest. Stick to soft, modern tones like greys, whites, or beiges to create a light and airy feel that will appeal to a broad range of buyers. Also try to keep away from Magnolia, we’re no longer living in the early 2000s.

6. Be Flexible on Price

Pricing plays a major role in how quickly your home sells. While you naturally want to achieve the highest price possible, a willingness to negotiate can speed up the process. If selling quickly is your top priority, consider adjusting your asking price to make your home more competitive on the open market. This doesn’t mean undervaluing your property—just ensuring it stands out as a great deal for potential buyers. Keep an eye on market trends, analyse the competition and be prepared to offer incentives like covering closing costs or including furniture to sweeten the deal.

7. Maximise Your Viewings

Once you’ve prepared your home, it’s time to focus on creating the best experience for buyers during viewings. A deep clean—including carpets, upholstery, and surfaces—will ensure your home looks and smells fresh. If you have pets or small children, arrange for them to be elsewhere during viewings to avoid distractions. Additionally, leave a parking space available for the buyer so they feel welcomed rather than inconvenienced. Open curtains and blinds to let in natural light, ensure the home is at a comfortable temperature and add finishing touches like fresh flowers or lightly scented candles to create a welcoming environment.

8. Invest in Professional Photography

Your listing photos are the first thing potential buyers will see, so high-quality images are crucial. A professional photographer will know how to highlight your home’s best features, use the right angles, and capture lighting that makes your space look inviting. Avoid taking photos on a gloomy day, and ensure your home is tidy before the shoot. Great photos can attract more online views, increasing the chances of securing an in-person visit.

Professional photography is often included in your agency fee if you hire a good estate agent such as Benwell Daykin.

9. Utilise Online and Social Media Marketing

Beyond just listing your property on estate agency websites, take advantage of social media platforms to promote your home. Share high-quality images and engaging descriptions on Facebook, Instagram, and Twitter. Join local community groups where potential buyers may be looking for properties. You can also consider creating a virtual tour or video walkthrough to give potential buyers a better feel for the home before scheduling a visit.

10. Highlight Key Selling Points

Every home has unique features that make it stand out—be sure to highlight these! Whether it’s a newly renovated kitchen, a spacious back garden, great transport links or proximity to great schools, emphasising these selling points can make a difference. Ensure your listing description is compelling, and all your great property features are included on the online listing and in the brochure. Buyers will appreciate the extra information and be more likely to remember your home after multiple viewings.

large garden

Need Help Selling Your Home?

If you’re looking to sell your property quickly and efficiently, and for a great price, talk to Benwell Daykin today.

You can arrange a free property valuation today calling us on 0115 990 2007 or by using our contact page.

Posted on

Is it now cheaper to buy or rent a property?

This year the Uk economy has hit some challenges. Energy costs, high inflation, plus much more. With this, house prices have changed and so have mortgage payments.

The latest figures from Nationwide state that house prices have fallen at their fastest rate in August since 2009. Although this sounds like doom and gloom, the average house price back then was £162,112 compared to today’s prices of £286,000. This means that anyone looking to move should still turn a tidy profit.

Although this probably isn’t new news to anyone,  mortgage payments have now increased in line with rising interest rates. For some families, this has seen monthly repayments triple.

So with mortgage payments rising, is it now cheaper to buy or to rent?

The answer, according to property site Zoopla, is it depends where you live!

Currently, those who live in London and the south are likely to now find it cheaper to rent a property.

The average UK rent is £1,163 per month, while average mortgage repayments are £1,285 for first-time buyers with a 15% deposit.

In Ruddington and Nottinghamshire, you are still likely to be financially better off when buying a property instead. The difference though is tiny, with just £56 between the average rental payment and the average mortgage payment.

So why is this?

Put simply, house prices have been much higher in the south for a long time. Historically low mortgage rates meant that buyers could afford larger houses and pay less. Now they’re paying more.

If you are struggling with mortgage payments, please talk to Benwell Daykin who will be able to offer free, impartial financial advice from our fully regulated advisor. We would also be happy to provide a free property valuation to see how much your property is now worth.

Call 0115 990 2007 and talk to our friendly team today.