Demand for homes in the UK rental sector is continuing to rise as home buyer activity drops off, according to surveyors. This is contributing to an upward pressure on rental prices, at a time when house prices have been falling month-on-month, the findings from the...
News
Leasehold reform in England and Wales: What’s happening and when?
The House of Commons Library has just published a short report on leasehold reform. It can be seen here, and says: On 21 December 2017 the Government announced plans to tackle the growing problem of newly built houses sold as leasehold rather than freehold, and to...
Renting residential property in Wales – A guide to the new legislation for landlords
Property Reporter has just published a guide on the new legislation that came into force on December 1st. It can be seen here.
Where the property boom is bursting the fastest
Under the sub heading ‘The demand of many popular post-pandemic locations is rapidly evaporating’ the Telegraph has published an article outlining where the property demand is diminishing quickest. The article can be seen here, and states that areas in the Cotswolds...
Why I am one of the many landlords thinking of leaving the business
Sky News has published some articles on the number of landlords leaving the PRS. This one can be seen here, and says: Sean Gillespie, who manages around 50 properties, tells Sky News an "unpredictable and volatile" market has created a situation that is...
Crawley named one of the cheapest towns to commute into London from as a renter
With the cost-of-living crisis and government changes adding further strain to agents, landlords, and tenants alike across the rental sector, rent prices – especially in the capital – have soared in recent months. In fact, Goodlord’s database of over 1,000 letting...
Landlords fury over ‘de-facto ban’ of short-term lets in Edinburgh
Edinburgh’s ‘Airbnb crackdown’ is set to get even tougher thanks to planned new policies which would introduce a “de-facto ban” on short-term lets. A suite of policies designed to strip the Capital of controversial holiday lets and return thousands of properties to...
John Lewis Partnership to deliver 1,000 houses with abrdn
DEPARTMENT store group and Waitrose supermarket chain owner John Lewis Partnership has agreed a £500 million, “multi-decade” joint venture with Edinburgh-based fund management company abrdn to deliver around 1,000 new homes across three communities. John Lewis...
Number of landlords selling up rises by nearly 13% in four months
Sky News has published some articles on the number of landlords leaving the PRS. This one can be seen here, and says: Nathan Emerson, CEO of the estate agents trade body Propertymark, has said the private rented sector has been "invisibly buckling" under increasing...
Local Government Ombudsman: man forced to live in car because of council errors
The Local Government and Social Care Ombudsman has reported that it had found that a Shropshire man was homeless for too long because the council did not understand its responsibilities towards him. The man approached the council when he became homeless in the autumn...
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BPF warns of potential disaster
Ian Fletcher, director of policy at the British Property Federation, asserts that the abolition of Section 21...