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London’s renters head to the suburbs

There has been a shift in London’s rental landscape, with renters increasingly looking beyond the city centre for cheaper options and better transport connections, data reveals.
According to SpareRoom, which has analysed tenant search trends, the…

UK rental market loses steam as sales activity eyes long term growth – RICS

The latest RICS UK residential survey reveals a mixed picture for the UK housing market with the sales market showing tentative signs of recovery – while the lettings market is cooling down.
It says that tenant demand is losing momentum

Lender group calls for long-term housing minister amidst market instability

A mortgage lender group is calling for a long-term housing minister to help provide stability to the housing market.
The OSB group says affordability will remain a challenge for many prospective homes.
In a new report

Rents could increase by 20% over the next year – HomeLet

The UK’s renters are facing rents climbing at an alarming rate this year after they rose by 1.6% in just one month, marking the fourth consecutive rise, data reveals.
The latest HomeLet rental index shows the average tenant is now paying an extra…

Scottish rents cool as Parliament considers rent controls

Scotland’s rental market appears to be reaching a turning point as rent growth begins to slow down in major cities like Glasgow, which saw a record 3.5% annual increase.
A report from Citylets highlights that the news coincides with the introduc…

London’s landlords feel the squeeze as tenants push back

The good news for renters in the prime areas of London is that rocketing rent increases are finally easing up, one rental index reveals.
According to Knight Frank, rent growth in prime London postcodes has narrowed to levels that haven’t been sin…

Fewer property markets see house prices outpace inflation

Despite a big drop in inflation, fewer areas in the UK are experiencing house price growth that outpaces inflation, research reveals.
An analysis by Octane Capital highlights that 56 local authorities saw inflation-busting house price growth over the p…

UK house prices show signs of stability after fluctuations

UK house prices edged up slightly in April, following a period of volatility earlier this year, the latest figures from Halifax reveal.
It says prices rose 0.1% after a 0.9% drop in March.
However, annual house price growth remains subdued at 1.1%

Letting agents are unprepared for rental reform – poll

Letting agents are woefully underprepared for the impending shift to periodic tenancies under the Renters (Reform) Bill, according to a new survey by Goodlord.
Despite the significant changes the legislation will bring, just 2% of agencies have starte…

Flat service charges below £1,000 near ‘extinction’

Flat owners in England and Wales are facing a significant financial burden as service charges continue to climb, a report by Hamptons reveals.
It says that the average annual service charge for flats has surged by 8.4% to £2,247

Legislative uncertainty impacts tenant demand

Ongoing legislative uncertainty and high rents are causing demand to decrease, according to one industry body.
Propertymark’s Housing Insight report reveals tenant demand decreased in March this year compared to last year.
However, the demand and supp…

Savills upgrades its UK house price growth forecast

Property firm Savills has revised its five-year UK house price forecast, predicting a 2.5% increase this year, up from the -3% predicted in November 2023.
The firm says that by the end of 2028, house prices are expected to have grown by 21.6%

Scottish landlords exit as housing crisis deepens

Scottish landlords are throwing in the towel and leaving the sector due to the impact of rent controls – and the prospect of permanent rent rise restrictions, warns one industry body.
In a video interview with Property118 which can be viewed below

Landlords worry about the ‘Right to request pets’ in the Renters (Reform) Bill

Landlords in England say they are worried about the potential impact of the Renters (Reform) Bill on allowing tenants to request permission to keep pets in their home.
The findings from property services firm Leaders Romans Group (LRG) reveal that 56% …

UK house prices to remain flat in 2024 – But 10 areas will see double-digit rises

The UK’s housing market is forecast to experience a subdued year in 2024, with average house prices expected to decline slightly by -2.6%, a new analysis reveals.
The firm also says that its analysis shows that since the base rate was held at 5.2…

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