In Q3 2024, Foxtons reported solid performance across its divisions, with total revenues up 8% to £47.4m, and year-to-date (YTD) revenue increasing by 10% to £125.9m. CEO Guy Gittins attributed this growth to market share gains, operational improvements, and early...
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New report on ongoing housing crisis published
The Radix Big Tent Housing Commission report, supported by Shoosmiths' experts, lays out key recommendations aimed at tackling England's ongoing housing crisis, with a target to build 1,000 homes daily, adding up to 1.5 million homes by the next Parliament. Key...
iHowz submit paper to the Renters Rights Bill select committee
In response to a request, we have made a submission on our views, and requested changes to the Renters Rights Bill The submission can be seen here.
Landlords Letter to Rachael Reeves
Private sector landlords have called on Rachel Reeves to give them new tax breaks to help keep rents down and boost the supply of homes. In a letter to the chancellor ahead of the budget, representative bodies said their members are facing "uncertainty on a number of...
Landlords face substantial financial challenges for EPC changes
Landlords in England are grappling with substantial financial challenges as they work to upgrade their properties to meet new energy efficiency standards, specifically reaching an EPC rating of C or higher by 2030. The average cost to enhance a rental property to this...
More landlords set up buy-to-let companies
Landlords are increasingly setting up buy-to-let companies to benefit from more favorable tax treatment, according to research by Hamptons. The move allows investors to make their rental property businesses more profitable by avoiding Capital Gains Tax (CGT) on...
Landlords generally fix damage caused by tenants
A recent survey by Property Inventory Base reveals that landlords are often left to cover property damage costs, even when tenants are at fault. According to the research, a lack of proper inventory processes means only 10% of tenants are being held accountable for...
New report concerned about the rental housing supply crisis
Landlords are expressing support for a new report from the Radix Big Tent Housing Commission, which emphasizes the urgent need to address the rental housing supply crisis. The report highlights that both institutional and private landlords play a crucial role in the...
Concerns about rent rise challenges
Steve Richmond, General Manager of proptech company Reapit, has raised concerns that the Renters’ Rights Bill (RRB), expected to become law in spring 2024, will lead to a significant surge in rent rise challenges, straining an already overwhelmed tribunal system....
Council buys neglected house from landlord
Haringey Council has successfully acquired a neglected three-bedroom property in Tottenham through a Compulsory Purchase Order (CPO), as part of its ongoing efforts to tackle long-term empty homes. The house had been vacant for six years after its former tenant moved...
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Lords warn plan for New Towns lacks ‘clear, engaging vision’
The House of Lords Built Environment Committee (BEC) has raised concerns over the government’s New Towns and expanded...
Bank of England Holds Interest Rates
The Bank of England has kept its interest rate at 4% to combat persistently high inflation, which currently sits at...