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London councils’ temporary accommodation ‘bankruptcy risk’ as landlords quit

New data from London Councils paints a grim picture of the capital’s homelessness crisis, revealing a shocking 40% increase in monthly spending on temporary accommodation for homeless households last year.
This translates to a staggering £90 mill…

Build to Rent homes surge in popularity and market share

Build to Rent (BTR) homes are becoming increasingly attractive to renters and investors, as new data from Foxtons shows that they now represent 2% of the UK’s private rented sector (PRS) and 4.2% of London’s PRS.
The lettings and estate age…

London property beats most investments in 10-year returns, Foxtons says

Foxtons has revealed that the capital’s residential property market has delivered one of the best returns over the last 10 years, second only to Bitcoin and gold.
The lettings and estate agents compared the performance of London property with nin…

Cap rents for key workers, says campaign group

Key workers in London are struggling to afford the high rents in the city and a rent cap is needed, says one campaign group.
A report from Generation Rent highlights how much key workers are struggling as it calls for all metro mayors – including Londo…

Council slammed by Housing Ombudsman for poor repairs and complaints handling

A special investigation by the Housing Ombudsman has exposed how Hammersmith and Fulham Council failed to provide adequate repairs and complaints handling to its residents, leaving them ‘feeling anything but secure in their homes’.
The repo…

Some London boroughs see £230,000 wiped off the average house price

Just six London boroughs managed to register an increase in house prices in 2023, while the rest faced a drop, especially in the prime market, research reveals.
A new report by Benham and Reeves, based on the latest data from the Land Registry

Edinburgh, Bradford and London have the best letting agents, tenants say

Tenants in Edinburgh, Bradford and London are the most satisfied with their letting agents, according to a new survey by Zero Deposit.
The tenancy deposit alternative’s survey of 1,204 UK tenants, found that 70% of them have a good relationship w…

The top 5 property management services Londoners need in 2024

Londoners looking for property management services in 2024 should pay attention to the latest trends and insights from SBA Property Management.
The provider of property management solutions says it has identified the top five service areas that will be…

Alarming surge in the number of rough sleepers in London

Rough sleeping in the capital is now the highest level in a decade, according to new figures.
According to the new combined homelessness and information network (CHAIN) 4,389 people were counted sleeping on London’s streets ­– more than half were slee…

Rents and voids rise across England

The cost of renting a property in England rose by 7% year-on-year in January 2024, with the average monthly rent now £1,154, up from £1,076 in January 2023, one rent index reveals.
According to the Goodlord’s data, rents increased by 1% month-on-…

The UK’s buy to let hotspots revealed

The UK’s buy to let hotspot has been revealed after the city saw a 12% surge in the number of privately rented properties over the past year, a new report has revealed.
The findings from Simply Business, which analysed more than 100,000 landlord …

London retains its crown as the capital of £1 million homes

Despite a pandemic-induced surge in demand for spacious and rural properties, London remains the undisputed leader in the £1 million home market, a new report by Savills shows.
The property firm estimates that there are 670,100 homes worth £1 million o…

Rental market rebounds as pandemic deals expire

The number of properties available for rent has increased by 45% compared to last year, reaching the highest level since Covid, Chestertons reports.
The London-based estate agency attributes this surge to the expiry of many three-year contracts that te…

UK house prices plunge at the fastest pace in 13 years

The UK property market saw the average house price drop by 2.1% in the year to November, data from the Office for National Statistics (ONS) reveals.
This was the third month in a row that house prices declined

Tenants see rents hit record highs in 2023 – ONS

Tenants in the UK are feeling the pinch as private rent prices reached record highs in the year to December 2023, the Office for National Statistics (ONS) reveals.
The ONS reports that rents rose by 6.2% last year

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