Tag: Housing market

Portfolio Landlords Action Network open letter to Housing Minister Matthew Pennycook – Fairness for Landlords and Tenants

Author: Property118.com Landlord News Team

5th September 2024, 2 years ago | 21

Landlords are calling on the housing minister “to level the playing field for landlords and tenants”. In an open letter...

Landlords face £24 billion bill to retrofit properties to EPC C

Author: Property118.com Landlord News Team

5th September 2024, 2 years ago | 1

Reaching EPC C targets could cost landlords a staggering £24 billion, according to new research. A report by software platform...

Landlords on edge as demand outstrips supply

Author: Property118.com Landlord News Team

5th September 2024, 2 years ago | 0

A new Labour government has made landlords nervous about what lies ahead as demand continues to outpace supply. The latest...

Rents hit new heights to push affordability levels to the limit

Author: Property118.com Landlord News Team

4th September 2024, 2 years ago | 4

Rents in the UK continued their upward trajectory in August, reaching a new high of £1,438 on average for new...

UK house prices edge higher despite monthly dip

Author: Property118.com Landlord News Team

30th August 2024, 2 years ago | 0

The UK’s house prices saw a modest year-on-year increase in August despite a slight monthly decline from July’s figures, Nationwide...

Property taxes in Scotland reach record high

Author: Property118.com Landlord News Team

29th August 2024, 2 years ago | 0

Property taxes in Scotland have soared to a new record high, raking in almost £640 million for the Scottish Government...

Zoopla warns of overpricing impact on house sales

Author: Property118.com Landlord News Team

28th August 2024, 2 years ago | 0

The UK’s housing market is showing signs of recovery as house prices rise slowly following a period of volatility, Zoopla...

Rental market race: Gloucester leads, Middlesbrough lags

Author: Property118.com Landlord News Team

27th August 2024, 2 years ago | 0

With rental demand soaring, competition for properties is fierce and data from OnTheMarket highlights the extreme disparities in how quickly...

Holiday let landlords face tax crunch

Author: Property118.com Landlord News Team

23rd August 2024, 2 years ago | 2

The clock is ticking for furnished holiday let landlords as government plans to abolish the favourable tax regime from April...

Renters pay higher prices for furnished apartments yet most dislike the furniture

Author: Property118.com Landlord News Team

23rd August 2024, 2 years ago | 0

Renters are paying 20% more per month on average for a furnished apartment compared to an unfurnished one, according to...

Rents start falling in major cities as rental inflation slows

Author: Property118.com Landlord News Team

22nd August 2024, 2 years ago | 1

Rents in major UK cities are beginning to fall for the first time in years – the pace of rental...

Base rate cut will boost house prices by 2.5%

Author: Property118.com Landlord News Team

21st August 2024, 2 years ago | 1

The Bank of England’s recent decision to lower interest rates to 5% has ignited optimism within the housing market, says...

Landlords on edge ahead of October budget despite positive market trends

Author: Property118.com Landlord News Team

19th August 2024, 2 years ago | 0

Bank of England base rate cut offers a summer boost to the housing market. According to the latest Rightmove House...

Landlords prefer five-year fixed rate mortgages – Landbay

Author: Property118.com Landlord News Team

16th August 2024, 2 years ago | 2

Buy to let landlords are increasingly opting for the stability of five-year fixed rate mortgages, research from Landbay reveals. The...

Rental yields soar to 10-year high

Author: Property118.com Landlord News Team

8th August 2024, 2 years ago | 4

Rental yields generated by landlords have hit the highest level since 2014, research from Paragon Bank reveals. The lender’s latest...

UK house prices rise despite market challenges

Author: Property118.com Landlord News Team

7th August 2024, 2 years ago | 1

House prices in the UK rose by 0.8% in July, halting a three-month plateau, Halifax reveals. The average property value...

Landlords fear Labour government as demand outstrips supply

Author: Property118.com Landlord News Team

6th August 2024, 2 years ago | 7

Supply and demand are still out of balance as landlords worry about what a Labour government might do. Propertymark’s Housing...

Propertymark says Section 24 tax change is fuelling the rental crisis

Author: Property118.com Landlord News Team

5th August 2024, 2 years ago | 4

A government policy intended to level the playing field for landlords has instead sparked a crisis in the private rented...

Property expert slams tax changes for driving landlords out of the market

Author: Property118.com Landlord News Team

2nd August 2024, 2 years ago | 2

Tax crackdown on landlords is making Britain’s housing crisis worse, says property expert. Guy Gittins, chief executive of letting agents...

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UK house price growth picks up steam

Author: Property118.com Landlord News Team

1st August 2024, 2 years ago | 0

The average UK house price climbed 0.3% month-on-month in July, marking the fastest pace of growth since December 2022, new...

Stamp duty relief blow for first-time buyers

Author: Property118.com Landlord News Team

29th July 2024, 2 years ago | 3

Only 37% of homes for sale will qualify for stamp duty relief when the current threshold of £425,000 reverts to...