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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Holiday lets ‘free-for-all’ over as HMRC cracks down
HMRC has started almost 2,000 investigations into income earned by holiday homeowners in the last year.
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Landlords ‘increasingly keen’ to bring rents up to market averages
Hamptons says 90% of tenants renewing an existing contract saw rents increase while 60% of landlords achieved a higher rent when a new tenant moved in.
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Soaring service charges ‘behind rise in Right To Manage applications’
As well as higher living costs many flat owners including landlords have seen management charges rise by 10% a year – with one in 14 reporting increases of 21% or more.
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Rents in big London borough rise by 27% in ONE year
According to data from the Office for National Statistics London rents increased by 11.2% between March 2023 and 2024, rising from £1,848 to £2,055.
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Labour distances itself from own report that recommends capping rents
Report due to be published today will recommend a string of measures to offer tenants facing soaring rents a lifeline including rent caps and rents to only be increased once a year.
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Landlords selling up are No.1 problem for tenants says NRLA
New data published by the National Residential Landlords Association exposes the scale of the supply crisis across the private rented sector with three in 10 landlords planning to cut the number of properties they rent out.
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Cotswolds most profitable UK region for holiday letting
Sykes Holiday Cottages’ boss Graham Donoghue says the majority of holiday let owners have never considered exiting the market, with half of owners even contemplating buying another holiday let, despite tax changes.
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Landlords pay less than half of council fines, shock new data reveals
The NRLA says local councils have only managed to collect £6 million in fines out of £13 million owed over a two-year period.
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SHOCK: Most people don’t read tenancy agreements!
We probably all suspected this already, but a new survey by a law firm shows that most people don't read contracts before signing them.
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Property sales listings hit four-year high, report RICS agents
Despite buyer demand mellowing due to small increases in mortgage rates overall activity for the sales market for 2024 remains positive.
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