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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

London’s letting agents face the most competition and the highest demand

London and Wales have seen the biggest rise in letting agent numbers in the past year, with a 4% increase each, research reveals.
The study from Zero Deposit shows this percentage translates to a much larger figure in London

Rents fall slightly in December to offer tenants ‘a minor win’

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.
The average rent, excluding London, was £1,061, a 0.5% decline from Novembe…

London leads the way in record year of licensing and enforcement

London was at the forefront of a record-breaking year of property licensing schemes and enforcement in the UK in 2023, one firm reports.
According to data from Kamma, there were 32 new licensing schemes introduced across the country last year

Flatshare rents begin to fall as market stabilises

Flatsharing Londoners have seen their rents drop for the second month in a row, after reaching an all-time high in October, new figures from SpareRoom reveal.
The flatshare site’s data shows that the average monthly room rent in the capital was £…

Landlords see rents soar and voids drop in 2023, index reveals

Landlords in England saw rents rocket by nearly 9% last year, and several rent records were broken in the summer, one leading rent index reveals.
According to Goodlord, rents rose by 8.8% to an average of £1,182 –

Call to unfreeze LHA immediately to reduce homelessness in London

A homeless charity is urging the Government to unfreeze the Local Housing Allowance (LHA) rates immediately in a bid to reduce the rising number of homeless people on London’s streets.
The Single Homeless Project, the largest charity dedicated to…

Rental market shows signs of recovery in 2024 – SpareRoom

After a year of soaring rents and scarce rooms, flat share website SpareRoom has offered its data pointing to a more positive outlook for renters in 2024.
The firm says that the rental market may be on the verge of recovery

Renters in London see an 8% annual rise in rents

Rents in London have increased by 8% year-on-year, with the average rent now at £582, Foxtons reveals.
The estate agent also highlights that despite the year-on-year increase, the average rent price decreased by 3% in November.
Foxtons has analysed Zoo…

Rents to increase by 4% in the UK over the next year

Rents are expected to rise by almost 4% in the next year as the supply of homes to rent dwindles, the latest RICS UK Residential survey reveals.
RICS also reveals that tenant demand is still increasing – but at a slower pace than before.

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