The Lettings Industry Council (TLIC) is advocating for a collaborative approach to improve the private rental sector, emphasizing the need for cross-party cooperation and stakeholder involvement. Here's a breakdown of their key points and demands: Mandatory Compliance...
Here's a summary of the key points from the report by lettings agency Hamptons: Slowed Rental Growth: Despite a slowdown, the average newly let rent in Britain has risen by 6.7% over the past year, significantly lower than the peak of 12% in August 2023. Rental Prices...
It seems there's a significant divergence of opinions regarding the direction of house prices, with a notable portion of Estate Agent Today readers expressing concerns about falling prices. Here are some key points from the survey and subsequent commentary: Survey...
MFB (previously Mortgage for Business) has released a statement on why they believe 'Why a Base Rate Cut Won’t Necessarily Make Your Mortgage Cheaper'. It can be seen here, and it seems that while there's anticipation for a reduction in the Bank of England Base Rate...
The UK Housing Price Index has just been released, and the headline statistics for February 2024 regarding UK property prices and related data are: Average Property Price: The average price of a property in the UK was £281,000. Annual Price Change: The annual price...
The rental sector is facing significant challenges as average rent arrears claims have reached a record high, according to data analyzed by alternative deposit provider Reposit. Here are the key points: Record High Arrears Claims: Between January 2021 and March this...
The latest data from the Office for National Statistics (ONS) reveals significant increases in renting costs across the UK, with average rents soaring by 9.2% in the year to March. Here's a summary of the key points: Steep Annual Rise: Rent prices have experienced the...
The disparity between the stringent requirements imposed on private landlords and the lack of inspections on Nottingham City Council's own housing stock has raised concerns among landlords and residents alike. Here are some key points to consider: Selective Licensing...
Leading London estate agent, Winkworth, with branches across southern England, recently published their accounts for 2023. Chairman, Simon Agace I look forward to celebrating both my half century at the helm of Winkworth and next year's 190th anniversary of the...
Conservative MPs from the Conservative Environment Network (CEN) are urging the government to provide tax relief to private landlords who enhance their rental properties' energy efficiency. Here's a summary of their key points: Reducing Energy Bills and Gas Reliance:...
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Overview: Recent research from Direct Line indicates a growing number of selective licensing schemes being imposed by...
The UK Government is considering aligning capital gains tax (CGT) rates with income tax rates to address a £22 billion...
Rightmove and OpenRent Contract Termination Key Points: Termination Date: Rightmove's contract with OpenRent will...