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Foxtons Q3 Update

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...

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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...

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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...

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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...

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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....

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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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