RICS said in its latest survey that the net balance for house prices softened to -47 from -42 in December. A balance measures the difference between the percentage of surveyors seeing rises and those reporting falls. New buyer enquiries also fell, with a net balance...
Nearly half a million households fell into rental arrears during the pandemic as unemployment soared, according to a report by the think tank the Resolution Foundation. Landlords who lost rental income between April 2020 and April 2021 may not realise they can still...
A recent report by the Resolution Foundation used data from a new YouGov survey of 10,470 UK adults to examine how the cost-of-living crisis is affecting people’s ability to meet their housing costs, how it varies across tenure, and the implications for households’...
DLUHC published has a letter from the Secretary of State for Levelling Up, Housing and Communities to the Financial Conduct Authority and Competition and Markets Authority. The letter responds to the final report from a review into the buildings insurance market for...
A new survey by Finbri found that if the UK base rate hits the expected 4.5% in 2023: 52.75% of landlords will raise rents to cover additional expenses 45.35% will consider alternative investments 44.66% will sell their investment properties It also found that: 36% of...
Barry Webb, chief executive of Mortgage Saving Experts has commented that landlords, battered by high interest rates and tightening energy-efficiency regulations, are losing patience with the property market. Webb has noticed this particularly in the south of the...
Demand for rentals outstrips supply as tax changes and rising rates punish investors the number of landlords choosing to exit the market increased The Bank of England Monetary Policy Report has just been published, and says demand for rental properties has continued...
The Financial Times have run an article questioning whether we are seeing the beginning of the end of Buy-to-Let. The article can be seen here (subscription may be necessary), and gives the example of a long term landlord who began buying homes for rent over two...
The House of Commons Library has just published a report on Household Debt: Key Economic Indicators. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q3 2008 at 155.6% of household disposable income. It then declined...
A report in the Telegraph shows that taxes paid on second properties surged in the last financial year. The report can be seen here (subscription may be necessary) and shows that HMRC have reported tax paid last year of £4.56bn, against an average of £3½bn in previous...
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Courtesy Allison Thompson, National Lettings Managing Director, Leaders Romans Group Typically, rents rise in line...