Property Market News

Rents hit new high as landlords deal with ‘queues of prospective tenants’

Author: Property118.com Landlord News Team

21st July 2023, 3 years ago | 2

Tenants are feeling the squeeze as new rents outside of London have hit a new record high of £1,231 –...

Tenant demand on the rise in London

Author: Property118.com Landlord News Team

21st July 2023, 3 years ago | 1

Demand still remains strong in London, according to new data. Latest figures from Foxtons Lettings Index reveal that applicant demand...

Rents rise at the quickest pace since 2016

Author: Property118.com Landlord News Team

20th July 2023, 3 years ago | 1

The UK’s renters have seen average rent prices rocket by 5.1% in the year to June, the highest annual increase...

House prices in the UK continue cooling down

Author: Property118.com Landlord News Team

20th July 2023, 3 years ago | 0

The UK’s house prices grew by 1.9% year-on-year in May – a slowdown from the 3.2% growth recorded in April,...

Mismatch between supply and demand continues in PRS

Author: Property118.com Landlord News Team

20th July 2023, 3 years ago | 0

Growing demand and low supply leaves renters in limbo, according to new data. The latest figures from Propertymark’s Housing Insight...

Think tank predicts shock 25% drop in house prices

Author: Property118.com Landlord News Team

18th July 2023, 3 years ago | 0

Rising interest rates threaten to slash the value of homes by up to 25% in the biggest drop in wealth...

Chances of renting in parts of London are ‘almost non-existent’

Author: Property118.com Landlord News Team

18th July 2023, 3 years ago | 0

A report reveals that in one area of London, the chances of a renter finding somewhere to rent are ‘almost...

More than 1 million tenants will be over 65

Author: Property118.com Landlord News Team

17th July 2023, 3 years ago | 1

The private rented sector (PRS) needs to prepare for more than one million tenants being over the age of 65...

Landlords increasingly seek guarantors for well-paid tenants

Author: Property118.com Landlord News Team

17th July 2023, 3 years ago | 14

Landlords and letting agents are increasingly asking for guarantors from renters who earn between £25,000 and £75,000, research reveals. RentTech...

Tenants warned over capital’s ‘competitive market’

Author: Property118.com Landlord News Team

14th July 2023, 3 years ago | 0

Renters are being warned that if they start looking for somewhere to rent this summer in London, they should be...

Rent prices set to soar as demand outstrips supply – RICS

Author: Property118.com Landlord News Team

14th July 2023, 3 years ago | 1

The rental market is facing a serious imbalance as more tenants are looking for properties than landlords are offering. According...

Foreign owned homes in London worth £55.2bn

Author: Property118.com Landlord News Team

14th July 2023, 3 years ago | 0

Foreign homeowners have £84.2bn worth of property across England and Wales, according to a new report. Letting agents Benham and...

Bank of England sounds house price crash warning if landlords sell-up

Author: Property118.com Landlord News Team

13th July 2023, 3 years ago | 8

The Bank of England (BoE) is warning that higher buy to let mortgage rates could see landlords sell up and...

High interest rates drive down property sales

Author: Property118.com Landlord News Team

12th July 2023, 3 years ago | 0

Property sales are falling across the country due to rocketing interest rates, according to new research. Data from House Buyer...

Number of home sales halved since last year

Author: Property118.com Landlord News Team

10th July 2023, 3 years ago | 0

Transaction levels have plummeted by -54% this year, according to a new report. Research by letting agents Barrows and Forrester,...

House prices cooling amid high interest rates

Author: Property118.com Landlord News Team

7th July 2023, 3 years ago | 0

Average house prices fell by -0.1% in June, Halifax’s third consecutive monthly fall. Its latest House Price Index reveals house...

True cost of housing reaches record breaking high

Author: Property118.com Landlord News Team

7th July 2023, 3 years ago | 2

Housing affordability is at its worst in decades, according to new research. According to House Buyer Bureau, today’s homebuyers have...

London’s rental crisis is a ‘disastrous’ situation

Author: Property118.com Landlord News Team

6th July 2023, 3 years ago | 8

The Covid-19 pandemic has taken a heavy toll on London’s private rental sector (PRS), with new research revealing a 41%...