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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Greens promise to ‘tame’ the PRS with rent controls
Green Party Co-Leader Carla Denyer said local councils should have the power to set limits on rent increases.
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18% jump in rents since Covid, and ‘more to come’ says think-tank
The cost of new tenancies has grown by 18% since January 2022 with the proportion of poorer families renting almost tripling from just 11% in the mid-1990s to nearly 30% in 2021-22.
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Research reveals 20% of tenants battling ‘bidding wars’ for homes
Figures from Cornerstone Tax reveal that on a national level an average of 17% of renters are having to endure other competitive tenants moving against them.
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Landlords cut portfolios by a quarter despite booming rents
Buy-to-let investors reduced the number of properties they own over the last year, according to new analysis by the Open Property Group.
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London landlords forced to become more realistic about rents
Richard Jenkins of Lettings platform Hello Neighbour says the number of landlords pricing at any amount above market levels has fallen to just 30%, with 70% of landlords now pricing at or below market levels.
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Only a quarter of landlords care about EPCs when investing
Research by The Mortgage Lender shows more pressing matters high on landlords minds including mortgage rates, yields and location.
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Landlords reject new rent control laws in Scotland
John Blackwood of the Scottish Association of Landlords warns that a new housing bill will force investors out of the sector.
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Pioneering trial launched to make landlords’ homes compliant
Property logbook firm Chimni is working with landlords in Birmingham who are using a new lettings module to ensure their rented homes are compliant with licensing and other regulations.
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Ombudsman expels letting agency after it fails to pay compensation
Key Lettings and Property Management showed a 'systematic disregard for professional standards' according to The Property Ombudsman.
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‘Frustrated’ Lord Best says RoPA ‘not a priority’ for Gove
Lord Best told The Neg he is worried that ministers are still not treating RoPA as an urgent issue, five years after his report.
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