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Landlord earnings fall sharply as rental market struggles
Landlords with an average buy-to-let mortgage are seeing their annual earnings drop by over £4,000 per property compared to 2020, primarily due to rising interest rates. Record high rents amid soaring...
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Labour reverts housing department name change
Labour’s deputy leader Angela Rayner has announced that the Department of Levelling Up, Housing and Communities will drop ‘levelling up’ from its title, reverting to its former name. Rayner criticises...
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Renewed prime london property market sees resurgence in buyer demand
The latest Prime London Demand Index by Benham and Reeves shows an uptick in demand for high-end properties in Q2, reversing the downward trend observed earlier this year, although annual figures...
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Northern property investment hotspots lead the way
New figures from the fast-growing UK property portal OnTheMarket highlight the top investment hotspots for the second quarter of the year, revealing a continued north/south divide in the property...
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Property investors optimistic about potential rate cuts
Property investors are showing cautious optimism, focusing on the prospect of base rate cuts rather than political changes in the UK or global geopolitical uncertainties, according to a new study. Rate...
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Housing market optimism rises following election
The latest survey from the Royal Institution of Chartered Surveyors (RICS) indicates a renewed sense of optimism in the UK housing market following the recent general election, with expectations of...
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Record investment in UK build to rent sector in first half of 2024
The UK’s build to rent (BTR) sector saw record investment levels in the first half of 2024, with over £2.6 billion invested, according to Knight Frank’s latest UK Build to Rent Market Update. Single...
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Housing Sector Leaders Call for Regulation of Residential Property Agents
In a joint open letter to the new Housing Minister, key figures from the residential housing sector are urging the government to legislate the regulation of residential property agents. The letter,...
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Landlord appointed to new Labour housing team
In a move aimed at reforming the private rented sector (PRS) and addressing housing needs, the newly established Ministry of Housing, Communities & Local Government has welcomed five new housing...
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New Report Reveals Shifts in Private Renting Trends
The Mortgage Works’ latest Private Rented Report has unveiled significant changes within the sector, highlighting an 80% increase in renters aged between 55 and 64 over the past decade. This report...
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Political stability and rate cuts to boost autumn property market as house...
Average new seller asking prices drop by 0.4% (£1,617) this month to £373,493, marking a larger-than-usual decrease for July. Sellers aim to attract buyers amid the distractions of the General...
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Landlord Tips: Meeting Tenant Demands to Secure Long-Term Renters
Barclays Property Insights reveals what renters deem essential when choosing a property and what landlords seek in tenants. With nearly half of tenants considering damp and mould a deal-breaker,...
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Surge in cash buyer activity reaches decade high
New data from Yopa, the full-service estate agents, reveals that cash buyers have reached the highest level of market activity in the past decade. In 2023, cash buyers accounted for 34.5% of all...
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UK Property market faces major challenges despite strong listings
Property listing volumes are currently averaging 6% higher than in Q2 2019, which is being used as the benchmark year. This suggests that supply is the strongest it has been in years. However,...
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UK house prices continue upward trend
The latest UK House Price Index for May 2024 reveals a steady increase in property prices despite the general election. Data shows a 1.2% rise in sold prices between April and May 2024 and a 2.2%...
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Younger landlord investors drive market growth
The average age of landlords purchasing new buy-to-let properties has decreased significantly over the past decade, with an increasing number of thirty-somethings entering the market. Shift in...
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New Renters’ Rights Bill and planning reforms unveiled in King’s Speech
The King’s Speech, delivered at the opening of Parliament, has introduced 35 new bills, including significant reforms that will impact landlords and letting agents. Major Legislative Changes Among the...
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Calls for clarity on Section 21 eviction reforms
Propertymark urges the UK Government to clarify its plans for abolishing Section 21 no-fault evictions to prevent overwhelming the court system in England and Wales. King’s Speech and Labour’s...
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Landlord Exodus: Former rental homes flood UK property market
A significant proportion of properties for sale in June were previously rental homes, according to new research by TwentyEA. Substantial Increase in Former Rentals for Sale Research firm TwentyEA has...
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Landlords see more buy-to-let mortgage options
Recent data reveals a significant uptick in the number of mortgage products available, bringing optimism to various buyer segments within the UK property market. As reported by Octane Capital, the...
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