Rents are edging back to highest ever levels as the average UK buy to let rent hit £676, according to monthly data from one of the UK’s largest letting agents, LSL Property Services.
The cost of renting a private home rose 0.5% in July – the sixth monthly increase in a row and a 1.4% jump from June 2010. Continue reading Buy to let rents and yields up again. Report based on findings from LSL
Low house prices and interest rates have sparked a holiday home boom as investors swoop property at popular tourist locations all over England.
An estimated 245,384 investors now own a second home in England – and the figure’s likely to go up, says a survey by top people’s estate and letting agent Knight Frank. Continue reading High yields and low prices spark a boom in the UK holiday lettings market
The heat is on property owners to show energy efficiency ratings for homes for rent.
Letting agents and landlords may have to show the stats to comply with a new European Union directive requiring energy ratings are available before property marketing starts that is due for introduction in 2012. Continue reading Heat is on landlords to compete for tenants based on energy ratings