Rightmove has just published their recent Market survey. It can be seen here, and in summary: Current Market Trends Seller Asking Prices Average new seller asking prices have dropped by 0.4% (-£1,617) this month to £373,493. This larger-than-usual July drop...
News
New Ministry of Housing, Communities & Local Government Welcomes Five New Ministers
In a significant move aimed at reforming the private rented sector (PRS) and addressing housing needs, the newly established Ministry of Housing, Communities & Local Government has appointed five new housing ministers, including a landlord with direct experience...
Current Sentiment and Future Outlook in the Residential Market
The sentiment among surveyors and estate agents about sales volumes has reached its most optimistic level in over two years, according to the June RICS Residential Market Survey. This newfound optimism follows a period of subdued activity leading up to the General...
Factors Contributing to Delays in Property Transactions
Recent research by Propertymark highlights several factors contributing to significant delays in property transactions. The findings indicate a troubling trend, with a steep decline in the percentage of sales progressing from offer to exchange within 12 weeks—from 78%...
Summary of Findings on Social Housing Landlords by the Regulator of Social Housing (RSH)
The Regulator of Social Housing (RSH) recently identified significant issues concerning tenant safety and living conditions across five social housing landlords. These findings highlight the failure of these landlords to meet the new consumer standards introduced by...
What Can Landlords in the Private Rented Sector Expect from the New Labour Government?
Writing in Property118, The Landlord Crusader questions the experience of the current cabinet. His blog can be seen here, and in summary says that the election of the Labour government has brought both hope and apprehension among landlords in the private rented sector...
Industry Body Warns of Court System Overload if Section 21 is Banned
Propertymark has issued a stark warning to the government that abolishing Section 21 could overwhelm the court system, potentially becoming the "final nail in the coffin" for many landlords due to increased costs and lengthy delays in the judicial process. Potential...
Mixed Messages on Buy-to-Let Mortgage Rates: Should You Downsize or Expand?
Recent news has provided conflicting signals about the impact of Buy-to-Let (BTL) mortgage rates on landlords, leading to understandable concern and uncertainty about the future of property portfolios. After dropping to 5.5% in February, BTL mortgage rates have been...
Labour cannot meet its housing targets
Labour is at risk of missing its target of delivering 1.5 million new homes within this parliamentary term without an emergency cash injection into the affordable housing sector, according to providers. Housing associations and councils have expressed their concerns...
Who is Angela Rayner?
Angela Rayner, a former trade union representative who grew up in social housing, has been named Secretary of State for Housing, Communities and Local Government. Rayner, who has also been appointed Deputy Prime Minister, has quickly reverted the department's name to...
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Waltham Forest Council, a leader in issuing fines to landlords, has quietly extended its additional and selective...
Tenant group claims exodus of landlords could be good for tenants
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