Letting agencies can help to raise tenant awareness about those breaking the law in the private rented sector by demonstrating their own compliance, it is suggested. Spreading the word about industry rules and being seen to honour them will help raise industry standards, according to lettings payment automation provider PayProp. It also says that if […]
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The private rented sector (PRS) could shrink by 20% if Section 21 ‘no-fault’ evictions are abolished, according to a new economic analysis report. The report by Capital Economics on behalf of the National Landlords Association (NLA), also forecasts a 595 reduction in housing available to tenants on housing benefit or Universal Credit, and a potential […]
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Over half, some 57% of all landlords are most likely to source their next mortgage using the same broker, new research has found. Some 59% of portfolio landlords and 50% of non-portfolio landlords said that they are likely to stick with their current broker while 41% will go straight to a lender for their next […]
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Property owners are to be given the chance to make their properties bigger by up to two storeys in a bid to make planning laws less bureaucratic and outdated, while more money is to be committed to infrastructure, it has been announced. Secretary of State for Housing Robert Jenrick has unveiled a package of measures […]
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Asking prices in Ireland increased by just 0.3% year on year in the 12 months to the end of September and fell by 2.8% quarter on quarter, and are expected to reach zero by the end of 2019. This took the national average asking price to €269,000, according to the latest asking price index from […]
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Home owners who lapse onto their lender’s Standard Variable Rate (SVR) mortgage are paying and extra £4,500 per year for their loyalty, according to new research. The study, which comes a year after the Competition and Markets Authority (CMA) received the loyalty penalty super complaint, explored loyalty penalties across a number of different household bills. […]
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While home values have recovered in the United States since the recession and, in many cases, surpassed their pre-recession peaks, single family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later, according to a panel of economists and real estate experts […]
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The presence of some of the world’s biggest tech giants is pushing up London rental prices in properties surrounding their main offices in the capital, a new study suggests. Lettings platform Howsy looked at the current cost of renting in boroughs home to Google, Microsoft, Amazon and Facebook and how this compares to rent growth […]
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Across England and Wales, 11% of sales already this year have been of new build properties, while in London they account for some 13% of transactions, according to new research. The London borough of Tower Hamlets has had the most new home sales at 42%, followed by the Vale of White at 32%, Greenwich in […]
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East London boroughs are among the highest performers for both historic and potential future house price growth, according to a new borough by borough analysis of the residential housing market in the capital. In addition, demand for private rental housing, particularly in central London, contributes to positive forecasts for rental growth across London, according to […]
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