Rental market
News covering the Private Rented Sector with relevance to letting agents and landlords and the wider residential property industry.
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Ignore the ‘naysayers’ – PRS is prospering, says inventory boss
Landlords have benefited from increases in rental yields of up to 0.7% this year according to analysis carried out by Inventory Base, despite significant headwinds.
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Older tenants fastest-growing group within private rented sector
Paragon Bank reveals a marked rise in those who are aged 55 years old or more as younger tenants reduce in number.
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Scottish Budget under fire for hitting landlords
Both landlords and agents have criticised Shona Robison's Budget for raising tax on rental properties and second homes.
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Confidence returning fast to BTL market says leading lender
In a positive sign for the BTL market, Paragon Bank's Louisa Sedgwick has announced a 27% hike in annual profits and is expecting a bumper year in 2025.
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Minister says ‘rent in advance’ of more than a month to be outlawed
Matthew Pennycook says he is looking into adding the ban into the Renters' Rights Bill, saying such requests are 'extortionate' and unfair.
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Letting agents hit back to deny ‘bidding wars’ claims
Letting agents have "absolutely nothing to do with bidding wars", they say, after a major London council called on them to end the "unethical practice".
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Major London council tells agents to ‘immediately’ stop tenant bidding wars
Southwark Council is to contact letting agents in its area of South London where it says rents are rising unchecked, and tenants are being encouraged to outbid each other.
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Landlord’s buy-to-let yields on the rise says big lender
Strong performance for landlords’ yields continues as they rose again in Q3 according to BTL lender Paragon’s Commercial Director Russell Anderson.
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CLAIM: Gap between supply and demand to grow in rental market
The ratio of private tenants to available rental properties is set to climb by the end of this year according to property investment firm The Mistoria Group.
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Foxtons says rental stock rising but Savills disagrees – who’s right?
The London agency says the number of new rentals in the Capital is the highest in four years and 8% above the figure 12 months ago.
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