Property118 | Author: Property118.com News Team - Page 92

House prices rose by 10.3% in the year to November...

The average UK house price rose by 10.3% in the year to November 2022, which is down from 12.4% in October, the Office for National Statistics (ONS) says. Sellers saw the average price increase by £28,000...

Rental market starts 2023 strongly...

The demand for rental property is still outpacing supply and rent growth is still rising – so the sector starts 2023 very much like it ended 2022, one property expert says. Nicky Stevenson, the managing...

TDS publishes an energy efficiency guide for rented properties...

To help landlords and their tenants, a new guide that offers help on how to make a rented property more energy efficient is available. The free offering has been published by TDS in partnership with the...

Propertymark calls for 6% Additional Dwelling Supplement reversal...

In a bid to highlight the increasing burden on landlords in Scotland’s private rented sector (PRS), Propertymark is calling on the Scottish Government to reverse its recent 6% Additional Dwelling...

Landbay updates its Special Edition BTL mortgage range...

Landbay has updated its five-year fixed rate buy-to-let mortgage range with the introduction of lower loan-to-values and rates now starting at 4.39%. These five-year fixed rates are for standard properties...

Frustrated sellers decide to rent out in London...

Data shows that a significant proportion of the new rental properties coming to London’s rental market had previously been put up for sale – suggesting that sellers are reacting to the slowing...

Revealed: Why councils REALLY carry out licensing inspections...

Landlords are being warned that councils are using the inspection process to implement fines rather than help landlords improve their property. The warning comes from Phil Turtle, the compliance director...

Scotland’s PRS is boosted by letting agent training and...

The Chartered Institute of Housing (CIH) Scotland says that investing in ongoing professional development and housing qualifications help to improve agent practice in the country’s private rented...

Poor areas drive PRS growth – with record rent paid in...

An analysis of the latest census data shows that between 2011 and 2021 the number of households renting privately increased by 151,800 in the 10% most deprived areas of England and Wales, compared to an...

Letting agents predict rise in arrears and drop in landlord numbers...

Most letting agents say they expect to see more landlords leave the market in 2023 – against a backdrop of rising arrears and falling house prices. The findings come from a survey of more than 160...

New Year bounce sees house prices go up...

The average new seller’s asking price went up in January after two months of falls, Rightmove says. According to its house price index, house prices grew by £3,301 or 0.9%. However, the average asking...

New rental homes account for just 16% of the total available...

Of the total number of available homes to rent in the UK, just 16% came to the market in the last 14 days with fears that renters will struggle to find somewhere to live in some areas, a report reveals.

Scotland looks set to extend rent freeze and eviction ban...

Landlords and property investors in Scotland have hit out after the Scottish Government recommended that the current rent freeze and eviction ban be extended. Patrick Harvie MSP, the minister for Tenants’...

Janet Finch-Saunders: Welsh tenants are being let down by their...

Not only has the Welsh MS Janet Finch-Saunders branded the new tenancy laws in Wales as a ‘disaster’ for landlords – but says that tenants are being failed by the Welsh Government and...

Housing market will be hit by strike action at Registers of Scotland...

Scotland’s housing market will slow down at a time when it is already facing delays after the Public and Commercial Services (PCS) union announced strike action. That’s the view of DJ Alexander...

Propertymark says banks are still misinterpreting AML rules...

Propertymark says that letting agents still face difficulties maintaining their pooled client accounts from high street banks that are still misinterpreting anti-money laundering (AML) regulations. The...

Rocketing rent is ‘number one concern’ for tenants...

The rocketing cost of rent is the number one concern for renters as they look to the year ahead, a survey reveals. The findings from Goodlord found that 87% of tenants named the rising cost of rent as...

House prices drop by up to £315,000 after disastrous mini-Budget...

The worst hit area after the disastrous mini-Budget saw its house values being slashed by up to £315,000, research reveals. The House Buyer Bureau has analysed the market to find which ones have suffered...

House price crash ‘looks increasingly unlikely’...

After several real estate firms, lenders and property platforms predicted that house prices would fall in 2023 by up to 10%, one organisation says that a steep fall won’t happen for a range of reasons.

Petition calling for landlord tax relief to be reinstated hits...

A petition that was launched to reinstate tax relief allowing a landlord’s mortgage interest to be set against rental income has now reached 20,201 signatures – and has seen another well-known...

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