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Have rents peaked?
The chief executive of Winkworth, one of Britain’s largest franchise agency chains, Dominic Agace, has raised concerns about the rental market, suggesting that rents may no longer be able to rise due to tenants reaching an affordability ceiling. He...
ONS Housing Data
The annual decline in UK house prices slowed to 0.2% in February, marking its lowest rate of decrease in eight months, according to the Office for National Statistics. At the same time, rent inflation surged to a record high. The average house...
Mixed messages from the new-build sector
The quarterly assessment by investment platform easyMoney indicates a potential upswing in the new-build property market in the UK, despite a slight dip in buyer appetites and stock levels. Here's a summary of the key findings: Buyer Demand: While...
New National Infrastructure Planning Guidance announced
The Planning Act 2008, along with subsequent amendments such as the Localism Act 2011, the Growth and Infrastructure Act 2013, the Housing and Planning Act 2016, and the Levelling Up and Regeneration Act 2023, establishes a separate consenting...
Poll shows Tories less trustworthy regarding Renters Reform Bill
The results of the poll conducted by 38 Degrees, in collaboration with Survation, provide valuable insights into public opinion regarding the Renters (Reform) Bill and the potential consequences of the government's actions on this issue. Here's a...
Latest UK House Price Index
The UK House Price Index indicates a slight decrease of 0.2% in house prices between February 2023 and February 2024. However, on a seasonally adjusted basis, average house prices increased by 0.7% between January 2024 and February 2024. House...
Sadiq Khan wants to build more affordable homes
Sadiq Khan, the Labour Mayor of London, has announced plans to build 6,000 "affordable" rental homes by 2030, with their rents capped in line with key worker salaries in different parts of the capital. Khan, who is seeking a third Mayoral term,...
Where to get good yields
Lomond, a rapidly expanding agency group, has conducted research unveiling the top 10 postcodes currently offering the most robust rental yields for British buy-to-let investors. Analyzing data on property values and asking rents across every...
Cannabis farms on the increase
Landlords are being cautioned to heighten their awareness following a concerning discovery by police in Nottinghamshire. A rented property in Sutton-in-Ashfield was found to harbor a cannabis growing operation, causing significant damage and posing...
Call for collaborative approach to improve the private rental sector
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:...
New report from Hamptons
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...
Reader poll: Are house prices falling?
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...
Why a Base Rate Cut Won’t Necessarily Make Your Mortgage Cheaper
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...
UK Housing Price Index released
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:...
Research shows rents up
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...
UK rents reach record high
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...
Council forces private landlords to inspect every 4 months, but have not inspected their own for 8 years
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:...
Winkworth Results
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...
MPs call for tax relief for EPC upgrades.
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...
Landlords still making EPC upgrades
Despite the government's decision to abandon proposals for minimum energy efficiency standards (MEES), many landlords are still taking proactive steps to make their properties more environmentally friendly. Here's a summary of the key points:...
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LATEST NEWS
Very small take-up of Government insulation scheme
The figures from the Department for Energy and Net Zero regarding the uptake of the Great British Housing Insulation...
Most tenants don’t read their agreements
The findings from the survey conducted by Weightmans highlight a concerning trend regarding the lack of thorough...
Strategies landlords are employing to cope with increasing financial pressures
It seems like landlords in the UK are facing increasing financial pressures due to rising costs, particularly related...
Council Tax levels set by local authorities in England 2024 to 2025
The Government has just released statistics on council tax levels, which can be seen here. This release provides...
Getting better broadband
The House of Commons Library has just published a report entitled 'Getting Better Broadband', it can be seen here....
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