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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Tenants push back on rent increases as supply builds in upmarket London postcodes
Knight Frank’s Tom Bill says that with prices either flat or falling across many prime London sales markets these properties may revert to the lettings market if the asking price is not achieved.
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Platform expands service to all limited company investors for first time
GetGround boss Moubin Faizullah Khan says the platform already holds more than £1.5 billion of UK investment property and now limited company landlords can transfer over.
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Lettings enquiry numbers on the up as London rents continue to fall
Hello Neighbour's Richard Jenkins says that as rents drop, the number of enquiries per property has increased again, from 45 last month to 65 in April.
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Rental crisis driving huge increase in self storage use, claims BBC
Evictions, downsizing and spending months finding a new property to rent are driving more tenants into the arms of self storage providers, the You and Yours programme has highlighted.
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Rental stock drought is over, says leading lettings agency
The claim, by Benham and Reeves' Marc von Grundherr is based on Rightmove data and contradicts the view that exiting landlords have driven down stock levels.
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50,000 more rental properties needed urgently, says Rightmove
Rightmove’s latest data shows that the number of rental properties available to tenants is 11% higher than at this time last year, though still 26% below 2019.
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Letting agents to be banned from screening out foster parents
Housing minister says provisions within the Renters (Reform) Bill will make 'blanket bans' of foster parents illegal.
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Renters Reform Bill voted through but S21 evictions ban WILL be delayed
A long debate in parliament yesterday saw housing minister Jacob Young bat off criticism and get his Bill, with landlord-friendly amendments, through to the next stage.
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Surge in number of tenants borrowing money to raise a deposit
The rise in rental costs has forced the average five-week cash deposit up to £1,256 – a lump sum many tenants struggle to find.
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TPFG now UK’s largest property manager in esate agency – claim
Chief Executive Gareth Samples and CFO David Raggett have bright hopes for the rest of 2024 after revealing a solid set of results to the City yesterday.
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