Property Market News

70,000 BTL landlords exited the PRS this year

Author: Property118.com Landlord News Team

28th December 2022, 3 years ago | 19

An accountancy firm says that 70,000 buy-to-let landlords have exited the UK’s rental market over the last 12 months. UHY...

Property market predictions for 2023

Author: Property118.com Landlord News Team

28th December 2022, 3 years ago | 1

With signs that the UK’s property market is cooling, experts from across the property sector have shared their thoughts on...

House prices to fall by 5% in 2023 – Nationwide

Author: Property118.com Landlord News Team

21st December 2022, 3 years ago | 2

Strengthening economic headwinds will hit market momentum and house sales to push property prices down by 5% in 2023, Nationwide...

Help for agents to navigate new Welsh housing laws

Author: Property118.com Landlord News Team

20th December 2022, 3 years ago | 0

Updated training is now available for letting agents in Wales to help them navigate the Renting Homes (Wales) Act and...

Property leaders urge Michael Gove to address PRS pressures

Author: Property118.com Landlord News Team

16th December 2022, 3 years ago | 9

Leading members of the property sector have written to Michael Gove calling on him to address the unsustainable pressures on...

Lib Dems call for a Christmas evictions ban

Author: Property118.com Landlord News Team

15th December 2022, 3 years ago | 12

The Government is being urged to implement a ban on evictions over Christmas in the private rented sector by the...

Charity begins with a home?

Author: Property118.com Landlord News Team

14th December 2022, 3 years ago | 6

Hello, How about rather than LL’s setting up a charity [see ‘Landlords for homelessness charity to compete with Shelter and...

Home repossessions defy predictions after mortgage rate rises

Author: Property118.com Landlord News Team

14th December 2022, 3 years ago | 2

The number of home repossessions by finance lenders after mortgage rates went up has decreased significantly – defying the expected...

Homebuyers still need the PRS as many struggle to save

Author: Property118.com Landlord News Team

14th December 2022, 3 years ago | 0

Tenants who want to buy a home are having to rely on the Private Rented Sector (PRS) for longer, but...

Rents to rocket by 20% as landlords pay higher mortgage costs

Author: Property118.com Landlord News Team

14th December 2022, 3 years ago | 8

A grim prediction from the Bank of England is forecasting that rents will rocket by 20% because landlords could be...

Short term rentals trade body welcomes registration scheme

Author: Property118.com Landlord News Team

13th December 2022, 3 years ago | 0

Plans by the Government to introduce a registration scheme for short-term holiday lets have been welcomed by the Short Term...

Property prices continue falling as buyers watch and wait

Author: Property118.com Landlord News Team

12th December 2022, 3 years ago | 0

A bigger seasonal dip than usual has seen property prices continue their slide with sellers dropping the price on a...

Scotland set to see exodus of landlords

Author: Property118.com Landlord News Team

12th December 2022, 3 years ago | 2

Letting agents in Scotland say that 85% of their landlord clients are planning to leave the private rented sector (PRS)...

Agency says prime rental demand is ‘unprecedented’

Author: Property118.com Landlord News Team

9th December 2022, 3 years ago | 2

A leading lettings agency says that prime rental demand in the UK is running at an unprecedented level and is...

UK house prices fall – but rents go up

Author: Property118.com Landlord News Team

8th December 2022, 3 years ago | 11

House prices in the UK have continued to fall but rents, fuelled by falling supply and increasing demand, have risen,...

Strong BTL lending growth recorded by Paragon Bank

Author: Property118.com Landlord News Team

8th December 2022, 3 years ago | 0

Paragon Bank has revealed that it has increased its full-year buy-to-let lending by 18.2% to £1.9 billion on the back...

UK house prices dip by 2.3% – the biggest fall since 2008

Author: Property118.com Landlord News Team

7th December 2022, 3 years ago | 0

The UK’s house prices slipped by 2.3% in November which is the biggest monthly fall since October 2008, the Halifax...

Tories scrap mandatory housebuilding targets

Author: Property118.com Landlord News Team

7th December 2022, 3 years ago | 0

The Prime Minister, Rishi Sunak, has been forced to drop mandatory housebuilding targets in a bid to see off a...