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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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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Unscrupulous landlords ‘exploiting’ rent-to-rent – claim
Propertymark says there are cases where landlords ensure the firm running a sub-let pays for refurbishment.
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Hybrid lettings firm claims ‘first ever’ end-to-end DIY platform
Hello Neighbour's self-service platform takes landlords from start to end of entire lettings lifecycle and is claimed to be industry first.
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Tight supply, high rents and ‘lockdown pets’ stop tenants moving
The DPS says the average tenancy length in England and Wales increased by 218 days during the past four years.
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Rent arrears climb 24% year on year as tenants struggle
The trend is not helped by the cost of rent which has outpaced salary growth by 5.2% over the past 10 years, leaving renters significantly worse-off today than they were a decade ago, says Reposit.
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