21 Jan

Report recommends more housing regulation

Report recommends more housing regulation

Both estate agents and the private rental sector should be subject to more regulation, a new government backed report has said.

The government review of regulation and redress in the UK housing market's final report, authored by Colin Jones of Herriot-Watt University, has concluded that the principal professional in every estate agency and letting agency should have an advanced qualification to provide a "consistent" service.

Estate agents should also follow an associated code of practice and carry personal indemnity insurance.

The National Association of Estate Agents welcomed the report, with chief executive Peter Bolton King commenting: "For years, the National Association of Estate Agents has been calling for an appropriate level of regulation to be introduced as mandatory in the UK housing market."

In its response, the Royal Institution of Chartered Surveyors noted that the conclusions were similar to those of last year's Carsberg report and urged the government to implement the recommendations swiftly.
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