Missing property information?
We take a quick look at a few of the changes coming our way in May 2022
- 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, announced by the NTSELAT, 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)