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Labour announces major overhaul of EPCs ahead of 2030 rental property deadline
Labour has unveiled plans to reform Energy Performance Certificates (EPCs) and the Minimum Energy Efficiency Standard (MEES) regulations, with a focus on improving energy efficiency in private rented...
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UK property transactions rise in August 2024 despite slight market slowdown
New data from the UK’s latest property transactions report shows a mixed picture for the housing market in August 2024, with a modest rise in residential transactions but a continued decline in...
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Renters’ Rights Bill introduces heavy fines for non-compliant landlords and...
Landlords and letting agents face new fines of up to £40,000, along with potential criminal prosecution, under measures introduced in the upcoming Renters’ Rights Bill. The government has outlined a...
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House prices see biggest rise in two years as market momentum builds
UK house prices surged by 0.7% in September 2024, marking a 3.2% increase over the past year – the fastest rate of growth since November 2022. According to the latest data from Nationwide, the average...
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Landlords face £21bn bill to meet 2030 EPC C targets
New research from Zero Deposit reveals that private landlords across the UK may need to spend a staggering £21.455bn to upgrade rental properties to meet the proposed EPC C rating by 2030. This...
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Terraced houses lead capital appreciation gains over last 12 months
New data from Nationwide reveals that terraced houses have outperformed other property types in terms of capital appreciation over the last 12 months, with average prices rising by 3.5%. This is higher...
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Ground-breaking tech helps landlords tackle damp and mould issues in rental...
A pioneering moisture diagnostic system developed by the Property Care Association (PCA) could provide a much-needed solution for landlords and tenants dealing with damp and mould. This innovative...
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Landlords face potential £15k capital gains tax hike under Labour’s proposed...
Landlords could be hit with a significant increase in capital gains tax (CGT) under changes expected in the upcoming Autumn Budget. According to research by London lettings and estate agent Benham and...
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Mortgage rate drop sparks surge in UK buyer demand and property sales
A significant drop in mortgage rates has fuelled a surge in buyer demand and home sales, with new figures from Zoopla revealing a double-digit boost to market activity across the UK. The property...
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Social housing tenants’ rental arrears surge by 70% in five years
New research has revealed a sharp rise in rental arrears among social housing tenants, with local authorities seeing a staggering 70% increase in rent owed over the past five years. The findings,...
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House prices edge closer to 2022 peak, but challenges remain
House prices in the UK rose by 0.3% in September, bringing the annual growth rate to 4.7%—the fastest increase since November 2022. With the average home now priced at £293,399, up by £859 in a month,...
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Propertymark calls for full assessment of tenancy changes under Renters’...
Propertymark has urged the government to thoroughly assess the impact of removing fixed-term tenancies and restricting advance rent payments under the proposed Renters’ Rights Bill. The organisation...
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Monthly property transactions hit 100,000 mark for first time since 2022
The UK property market has reached a significant milestone, with the number of monthly property transactions surpassing 100,000 in August 2024. This marks the first time since December 2022 that the...
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Renters’ Rights Bill takes major step towards overhaul of private rental sector
The Renters’ Rights Bill, which was recently introduced in the House of Commons, has moved forward with its second reading, marking a significant moment in rental reforms. This new legislation, set to...
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Northern regions lead the way in rental returns for UK buy-to-let landlords
Landlords in the North East, North West, and Yorkshire & Humber are achieving the highest rental yields in England, according to a recent analysis of Paragon Bank’s lending data. These regions have...
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Landlords hold steady despite rising property sales and rental reforms
Recent media speculation suggests that landlords are leaving the rental sector in droves, driven by tighter regulations and increased taxation. However, the reality paints a different picture. While...
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Historic towns and commuter hotspots lead UK house price growth
New research by eXp UK reveals that England’s historic towns and commuter belt areas have seen the highest rates of house price growth in the past year. The appetite for homes in these areas has pushed...
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Barclays report reveals ‘right-sizing’ could unlock 3.8 million UK homes
A new report from Barclays, titled “Right-sizing Revolution: unlocking untapped capacity in the housing market“, estimates that incentivising ‘right-sizing’ could free up 3.8 million homes across the...
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Calls for greater balance in Renters’ Rights Bill
The Renters’ Rights Bill, which recently passed its Second Reading in the House of Commons on 9 October, must offer more balance between tenants, landlords, and agents, argues Propertymark. While...
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Buy-to-let landlords show renewed optimism despite challenges ahead
A new survey of UK buy-to-let landlords has revealed growing optimism about the future performance of their property investments, with 60% of landlords confident about both capital growth and rental...
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