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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New research shows ‘hotspot’ and ‘notspots’ for PRS market
Simply Business boss Alan Thomas says Scotland’s second city has seen the highest number of buy-to-let properties.
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Tenant affordability squeeze drives ‘lowest rental growth since 2019’
Average advertised rents outside of London rose to a new record of £1,280 per calendar month but was smallest increase since 2019.
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Big estate agency trio embrace deposit alternative
Ben Grech of Reposit announces deals with three agencies, including Symonds & Sampson, as the firm enjoys a big increase in sales.
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Shocking two-thirds of renters ‘reporting maintenance problems in homes’
Top problems include leaks or problems with plumbing, general repairs, energy supply, repairs not being carried out and damp or mould.
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Landlord’s astonishing £20m portfolio refinance deal revealed
Jas Bhogal says the bank has loaned a professional landlord £20 million to overhaul the financing of their portfolio of 36 properties.
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London lettings returning to ‘balance’, says leading estate agency
Latest data from Foxtons reveals an increase in stock and reduced demand showing a more balanced London lettings market and trend set to continue.
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Million new homes needed to tackle rental crisis, warns Savills
The agency says it will cost £250 billion to create enough family homes and relieve the pressure on rental properties.
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Buy-to-let companies boom as mortgage rates bite
Landlords are often opting to set up a limited company to benefit from more favourable tax rules, Hamptons says.
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Tribunal orders agent to repay ‘holding deposit’
RSB Estate Agents must pay a £500 deposit back to tenant Andrea Aakanksha after trying to add extra charges.
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Rogue landlords charter must be backed up, NRLA warns
Chris Norris, policy director at the NRLA, supports the landlords charter in Manchester, but says it must help owners of hardest-to-maintain properties.
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