Industry News

Spare Room are reporting that London rents fell for two consecutive months for the first time since February 2021. The article can be read here, and in summary they are reporting that London rents fell for two consecutive months in November and December 2023, marking...

The UK Labour Party is seeking to introduce regulations for lettings, estate, and buying agents through an amendment to the Leasehold and Freehold Reform Bill.  The amendment, proposed by shadow housing minister Matthew Pennycook, aims to implement the Regulation of...

Recent data from UK conveyancing solicitors, Bird & Co, shows a decrease in interest in new build properties for three consecutive years.  The statistics reveal a decline in the percentage of people buying new builds compared to old builds in 2023. The trend has...

DIY activities are on the rise in the UK, with the average homeowner expected to spend £1,380 on DIY in 2023. 37% of homeowners are spending more than they did the previous year.  Gen Z, who are becoming homeowners, are particularly engaged in DIY activities, with DIY...

The UK housing market showed signs of improvement in December, with stabilizing buyer demand and increased sales activity, according to the Royal Institution of Chartered Surveyors (RICS). The UK Residential Survey by RICS covers both the lettings and sales markets....

Birmingham City Council, facing financial challenges, is set to auction 29 disused properties, investments, land, and ground rents through Bond Wolfe. The properties will be auctioned during Bond Wolfe's livestreamed auction on Thursday, February 8, at 8:30 am....

The Fleet Mortgages Buy-to-Let Rental Barometer for Q4 2023 reveals an annual increase of 0.3% in typical yields, reaching an average of 6.9% across England and Wales combined.  It can be seen here, and in summary: Three regions—North East, East Midlands, and South...

Haringey Council has voted to charge 200% Council Tax on properties that have been empty for 12 months, reduced from two years, to encourage owners to bring them back into use. The new charge is set to take effect on April 1, 2024. The move is part of the council's...

Research by planning and development consultancy Lichfields reveals that the current requirement to review local plans every five years is ineffective at ensuring they are kept up to date. The lack of clear guidance on what authorities must consider during the review...

The Telegraph has run an article from the Secret Landlord on the the three things she is recommending you do asap. The article can be seen here (subscription may be necessary) and her 3 key Landlord Survival Tips for 2024 are: Review All Tenancies and Rents: Landlords...