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News

UK rents reach the highest level on record – ONS

Renting costs in the UK continue to grow with average rents jumping by 9.2% in the year to March – the steepest annual rise since data collection began in 2015.
The figures from the Office for National Statistics (ONS) follow previous rent rises

Landlords press on with EPC upgrades despite shelved regulations

Despite the government abandoning proposals for minimum energy efficiency standards (MEES), a significant number of landlords are still investing in making their properties greener.
Paragon Bank’s research found that 37% of portfolio landlords ar…

Housing market shows signs of slow recovery

There are signs of a slow recovery in the UK’s housing market with the average house price in England and Wales increasing by a modest 0.1% in February to £361,368.
According to a new report by chartered surveyors e.surv

Landlords looking to sell as buy to let market shifts

The UK’s buy to let market is experiencing a period of change, with nearly one in three landlords looking to sell up in the next 12 months, research reveals.
The findings from uSwitch also highlight that the average loan value for BTL property pu…

Renters (Reform) Bill changes make ‘little difference’ to most landlords

An industry expert is downplaying the impact of recent amendments to the Renters (Reform) Bill, claiming they will have minimal impact on most landlords and tenants.
Neil Cobbold, the managing director of PayProp UK, argues the changes announced befor…

The top 10 BTL hotspots for portfolio landlords revealed

Manchester’s M14 postcode, which includes Fallowfield, Rusholme, Old Moat and Ladybarn, is the UK’s most popular location for buy to let investors with four or more properties, research reveals.
The findings from Paragon show that the area&…

UK house prices edge up despite monthly seasonal dip – Nationwide

The UK’s house prices rose by 1.6% in March compared to the same period last year, following a 1.2% growth in February, according to Nationwide.
This represents a modest increase but there was a 0.2% dip in prices on a monthly basis when adjuste…

First-time buyer numbers surge in 2024

First-time buyers are a driving force in the housing market this year, making up a record one-third (33%) of all purchases in Great Britain during the first quarter, Hamptons reveals.
This marks a significant jump from 29% in 2023

Scottish house prices up £12,379 as market shows resilience

Scottish house prices have defied economic turmoil to surge by £12,379 in the last year, according to new figures. 
Analysis DJ Alexander Ltd, Scotland’s largest estate agency, revealed a significant rise in average house prices from £177,949 in…

Londoners are leaving the capital in droves

There has been a surge in Londoners leaving the capital with Epsom and Ewell, Epping Forest and Dartford topping the list of relocation hotspots, a survey reveals.
The research from Savills found that between January 2022 and August 2023

Report reveals rise in agent complaints and landlords feeling dissatisfied

The Property Redress Scheme’s annual report paints a picture of a property sector facing challenges with agent complaint enquiries rocketing by 20% in 2023 compared to the previous year.
The scheme says it is investigating 55% more cases but desp…

Landlords will save £4,468 in CGT on each property sale

The average landlord will benefit from a cut in Capital Gains Tax (CGT) but will still face a significant tax bill when exiting the buy to let sector, research reveals.
Zero Deposit, the tenancy deposit alternative provider, has analysed house price gr…

Council tax on empty homes to double to help tackle housing shortage

Council tax on a property that has been left vacant for a year will double from April 1, the government has announced.
The initiative is aimed at helping boost housing supply for local people by bringing empty homes back into use.

Landlords eye portfolio growth in 2024

Nearly four in 10 (38%) landlords are keen to add more properties to their portfolio in the next year, while two in 10 (20%) are planning to refurbish their existing properties, a survey reveals.
The research from Lendlord found that 42% will focus on …

Landlord mortgage arrears soar by 93% in a year

More landlords are struggling to pay their mortgages than ever before, new data reveals.
Octane Capital, a specialist property lender, has analysed data from UK Finance which shows that 13,570 landlords fell behind on their mortgage payments in the las…

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