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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Economy must have more rental homes, urge property chiefs
Propertymark, NRLA and BPF all say the Chancellor's desire to attract the world's best talent and boost economy will fall flat unless enough rental homes are available.
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Clear evidence emerging that landlords exiting says big agency
Pressure groups have labelled talk of a landlord exodus as ‘self-interested scaremongering’ but the latest data from Hamptons is not so easy to dismiss.
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LATEST: Landlords and agents hit by 19% jump in void costs
Figures from Benham and Reeves show that in some places landlords are facing 65% higher losses due to empty properties.
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Half of short-term lets in London ‘illegal’ reveals Savills
Chronic shortage of rental properties in the Capital has been exacerbated by rising number of holiday lets.
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Pace of rising rents has ‘bottomed out’ says leading letting agency
New Hamptons data released by Head of Research Aneisha Beveridge, shows that renters taking out a new tenancy are facing the smallest increases since 2020.
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Deposits firm reveals shock 44% jump in rent arrears
Average arrears rose from £1,802 to £2,597 last year which is a rise of 44% says deposit alternative firm Reposit.
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Agent urges landlords to ‘buy Scottish’ as rent controls end
David Alexander believes the end of rent cap and the country's existing tax reliefs will provide landlords with an ‘ideal opportunity’ to invest.
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Senior figures warn over rising demand but shrinking supply in PRS
Both Goodlord and NRLA say more landlords have or are about to shrink portfolios, while tenant demand continues to be super strong.
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Big lender says number of BTL mortgages rising
‘Encouraging’ lending figures show landlords are shaking off renting reform fears and adding to their portfolios.
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Deposit data reveals huge fall in the number of tenants moving home
DPS figures show tenant moves have dropped to their lowest level in eight years as high rents and a shortage of properties stop people moving home.
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