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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UK rental growth slows to lowest level for 30 months says Zoopla
Average monthly UK rent now stands at £1,226 per month with growth slowing to +6.6% and expected to fall to 5% by the end of the year.
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Rents, viewings and activity all cool in London lettings market
Almost all of the key metrics used by letting agencies to measure market activity have weakened in recent months, says Hello Neighbour.
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BLOG: Landlording can still be lucrative despite official ‘bashing’
Benham and Reeves’ Director Marc von Grundherr says property investors have every right to feel downtrodden but argues being a landlord is still lucrative in spite of Whitehall’s attempts to dampen the sector.
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Agents slam big city council for undercutting letting agencies
Jeremy Clarke of Belvoir joins fellow agents in attacking City of York's letting agency arm for offering lower fees and cash incentives to landlords.
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Mayor denounces the Government’s failure to ban Section 21
Sadiq Khan, the Mayor of London, says tenants have been "betrayed" by the loss of the Renters (Reform) Bill as Parliament was shut down before the General Election.
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Rents hit new six month high with levels not seen since October
The biggest month-on-month change was recorded in the West Midlands where rents rose by 4%, followed by the North West which recorded a 2% rise.
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Big city council raises stakes to undercut letting agencies
City of York Council's YorHome agency is offering 12-months' upfront rent and cash for improvements to new landlord customers.
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‘Spring is here’ for lettings says leading agency
Foxtons Lettings Market Index shows sentiment may be improving across London despite a 10% fall compared to last year with April seeing a 6% increase in demand.
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Shock data shows HALF of tenants struggling to find next home
The number of moving tenants finding it ‘difficult’ or ‘very difficult’ to relocate has jumped almost 10% in the last year and now impacts half of all renters.
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East of England to overtake London as property investment hotspot
East of England towns like Luton are favoured by more than a quarter (26.5%) of property investors, closely followed by North East and Cumbria (24.5%), says Handelsbanken.
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