Property Market News

Strong tenant demand pushes room rents to record high

Author: Property118.com Landlord News Team

18th January 2023, 3 years ago | 6

As tenant demand continues to outstrip supply, room rents have hit a record high, a survey reveals. According to SpareRoom,...

House prices rose by 10.3% in the year to November

Author: Property118.com Landlord News Team

18th January 2023, 3 years ago | 0

The average UK house price rose by 10.3% in the year to November 2022, which is down from 12.4% in...

Rental market starts 2023 strongly

Author: Property118.com Landlord News Team

18th January 2023, 3 years ago | 0

The demand for rental property is still outpacing supply and rent growth is still rising – so the sector starts...

TDS publishes an energy efficiency guide for rented properties

Author: Property118.com Landlord News Team

18th January 2023, 3 years ago | 2

To help landlords and their tenants, a new guide that offers help on how to make a rented property more...

Propertymark calls for 6% Additional Dwelling Supplement reversal

Author: Property118.com Landlord News Team

17th January 2023, 3 years ago | 2

In a bid to highlight the increasing burden on landlords in Scotland’s private rented sector (PRS), Propertymark is calling on...

Frustrated sellers decide to rent out in London

Author: Property118.com Landlord News Team

17th January 2023, 3 years ago | 0

Data shows that a significant proportion of the new rental properties coming to London’s rental market had previously been put...

Poor areas drive PRS growth – with record rent paid in 2022

Author: Property118.com Landlord News Team

16th January 2023, 3 years ago | 0

An analysis of the latest census data shows that between 2011 and 2021 the number of households renting privately increased...

New Year bounce sees house prices go up

Author: Property118.com Landlord News Team

16th January 2023, 3 years ago | 0

The average new seller’s asking price went up in January after two months of falls, Rightmove says. According to its...

New rental homes account for just 16% of the total available

Author: Property118.com Landlord News Team

13th January 2023, 3 years ago | 4

Of the total number of available homes to rent in the UK, just 16% came to the market in the...

Scotland looks set to extend rent freeze and eviction ban

Author: Property118.com Landlord News Team

13th January 2023, 3 years ago | 17

Landlords and property investors in Scotland have hit out after the Scottish Government recommended that the current rent freeze and...

Janet Finch-Saunders: Welsh tenants are being let down by their Government

Author: Property118.com Landlord News Team

13th January 2023, 3 years ago | 11

Not only has the Welsh MS Janet Finch-Saunders branded the new tenancy laws in Wales as a ‘disaster’ for landlords...

Housing market will be hit by strike action at Registers of Scotland

Author: Property118.com Landlord News Team

12th January 2023, 3 years ago | 0

Scotland’s housing market will slow down at a time when it is already facing delays after the Public and Commercial...

House prices drop by up to £315,000 after disastrous mini-Budget

Author: Property118.com Landlord News Team

12th January 2023, 3 years ago | 0

The worst hit area after the disastrous mini-Budget saw its house values being slashed by up to £315,000, research reveals....

House price crash ‘looks increasingly unlikely’

Author: Property118.com Landlord News Team

12th January 2023, 3 years ago | 3

After several real estate firms, lenders and property platforms predicted that house prices would fall in 2023 by up to...

Bank of England orders lenders to be ‘ready for a prolonged period of credit stress’

Author: Jonathan Chapman

11th January 2023, 3 years ago | 0

The executive director of the Bank of England financial watchdog, David Bailey, has warned that the Bank of England intends...

Shelter says 271,000 people were homeless in 2022

Author: Property118.com Landlord News Team

11th January 2023, 3 years ago | 14

The homeless charity Shelter says there were ‘at least’ 271,000 people who were homeless on any given night last year...

Open letter calls for action to deal with ‘housing crisis’

Author: Property118.com Landlord News Team

11th January 2023, 3 years ago | 7

An open letter has been published urging the government and local authorities to deal urgently with a ‘housing crisis’ in...

Rents are growing at fastest rate in seven years

Author: Property118.com Landlord News Team

10th January 2023, 3 years ago | 1

Tenants are seeing rents growing at their fastest rate since 2016 when records began, says the Office for National Statistics...