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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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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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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