A rogue tenant takes roughly nine months in total to evict and the process can cost a landlord as much as £55,000 in total, with an average of £6,111 in lost rent, according to new research. But it goes far beyond the rental costs with many landlords faced with cleaning up costs which can include […]
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Scotland’s property market is seeing annual price rises of 1.3%, almost double the pace of growth in England, and Wales is even higher at 4.4%, according to the latest official figures to be published. The average price of a property in Scotland in June 2019 was £151,891, up 1.3% year on year and up 0.7% […]
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Ahead of the hurricane season in the United States, new research show that almost 20,000 homes built in the last decade are set to be at a significant risk of coastal flooding in particular. If greenhouse gas emissions go unchecked, more than 800,000 existing homes worth $451 billion will be at risk by 2050, the […]
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There has been a significant rise in take up of top grade offices in Edinburgh with the second quarter of 2019 seeing growth, the latest commercial property report shows. Take up reached 176,549 square feet in the second quarter, just 9,210 square feet short of the previous quarter’s figure, according to the research from real […]
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UK property price growth remains low at 0.7% in the 12 months to the second quarter of 2019, whilst prime central London prices are now 20% below 2014 peak, the latest market analysis shows. Nationally house prices are now 16.6% above the pre financial crisis peak and in London this figure rises to 53.5%, according […]
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Average home prices in England and Wales fell by 0.1% in August but in Scotland they dipped further, down by 1.2%, the latest index shows. This took the average asking price in England and Wales to £201,849 and in Scotland to £186,681, according to the data from Home.co.uk. A breakdown of the figures shows that […]
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Landlord confidence in their own lettings business has reached a record low, with just 29% saying their expectations for the next month is good or very good. The data from the National Landlords Association (NLA) shows that this is the lowest level since its landlord survey began in the fourth quarter of 2006. It points […]
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The Property Ombudsman (TPO) has expelled six agents who failed to comply with parts of the TPO Codes of Practice and have not paid subsequent awards made by the Ombudsman. Whilst some of the agents appear to have ceased trading, others have re-opened trading under the same name but with different directors with all complaints […]
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The residential housing market in Portugal is still struggling for momentum as key activity indicators covering demand, sales and instructions all remain in negative territory, according to the latest analysis. However, conditions are a little firmer in the lettings market, with demand continuing to rise and this is expected to push rents slightly higher over […]
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Tenants in private rented housing are bearing the brunt of the Government’s focus on boosting home ownership at the expense of the rental market, according to a landlord organisation. The Residential Landlords Association points out that the latest figures from the Royal Institution of Chartered Surveyors (RICS) show that there has been a fall in […]
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