rents
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Latest property news
Estate agencies given protection from commercial landlord evictions
As Britain locks down for three weeks, government announces measures to prevent businesses being evicted from their premises should they struggle to pay the rent.
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Latest property news
Rents rising at the same rate as inflation
Research by tenant referencing specialists, HomeLet, shows the average rent is up by 2.3% at £959.
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Latest property news
All rise: haart reports February market surge
Instructions, viewings, transactions, new buyers, house prices, rents, new tenants and purchasing landlords all rose in February 2018, with 15 buyers chasing every property for sale.
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Rental price inflation slows
Rents across the UK continue to rise, as HomeLet research reveals, though the pace of rental price inflation has slowed considerably.
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Rising rents across the UK
UK Rents rose by more than two per cent during September, new HomeLet figures reveal.
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Rents bounce back
The average rent in the UK rose by 1.1% in July compared to a year ago, HomeLet’s latest research shows, the first rise in three months.
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Rents still under pressure
UK Rents fell again in June, new data from the HomeLet Rental Index reveals, with the typical new agreed rent 0.3% lower than in June 2016.
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Bad news for landlords as rents fall
Average rents fell last month for the first time for eight years, the HomeLet Rental Index reveals, as economic uncertainties to take their toll across the property market.
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Latest property news
Rents rising again across the UK, index says
Average new tenancy rents in nine out of the UK’s 12 regions increased last month, according to the latest rental index from Homelet. The letting services firm says rents increased on average by 1.1% across the UK year-on-year, and that rises were highest in Northern Ireland where they increased 2.4% during July alone, and 5.4% year on year. Tenants are now paying £10 more a month to rent a property than a year ago, or £925. Scotland had the next highest rents rises at 3.6% followed by the East Midlands at 3.2%. Rent reductions But rents have continued dropping in London, the South East and North East, the index shows, by up to 1.7%. This follows national decreases in rent during April and May this year, and the rent reductions in London are the fourth in a row for the capital. A year ago rents in London were rising by 6.6%. “It’s often been the case in recent times that rents have strengthened over the summer period,” says Martin Totty, CEO of Homelet (pictured, left). “It’s a time when renters contemplate moving, demand increases, tenancy terms are set, and when the anniversary of the tenancy often occurs. “This year, that…
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Rents ‘tumble’ on Southern Rail strike routes
The ongoing disruption caused by the Southern Rail strikes, estimated to be hindering hundreds of thousands of passengers each day, could also be damaging the desirability of areas of the South East, according to new research from buy-to-let lender Landbay’s Rental Index, powered by MIAC. The pace of rental growth slowed in five out of six key areas affected by the strikes in the second half of 2016, falling into negative territory in Surrey, and only accelerating in Brighton and Hove. The strikes began in August, but the issues began affecting commuters in July, when Southern Rail implemented an emergency timetable. Comparing rental growth in the second half of the year to the first, suggests landlords are having to either limit rent increases or cut rents, to meet dwindling levels of demand. In Surrey, which hosts major Southern stations such as Guildford and Dorking, rents which were growing by 0.12% in H1, fell by -0.02% in H2. In East Sussex, home to Hastings station, rental growth slowed from 0.26% to 0.15%, while West Sussex saw a slowing from 0.24% to 0.19%. Kent (0.27% to 0.19%) and the town of Milton Keynes (0.34% to 0.17%) also saw cooling rental growth in…
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