Tag: Property market

Stamp duty changes drive increased demand from first-time buyers

Author: Property118.com Landlord News Team

3rd December 2024, 1 year ago | 0

First-time buyers are racing to beat upcoming stamp duty changes, according to Rightmove. The property portal says buyers in higher-priced...

House prices rebound as annual growth hits 3.7%

Author: Property118.com Landlord News Team

3rd December 2024, 1 year ago | 0

UK house prices saw a surprising rebound in November, with annual growth accelerating to 3.7%, Nationwide reports. This marks the...

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Cash buyers score big discounts as sellers want quicker sales

Author: Property118.com Landlord News Team

2nd December 2024, 1 year ago | 0

Cash buyers are enjoying big discounts on property purchases across England – of up to £86,000 – as sellers move...

UK tenants face affordability crisis as rents soar

Author: Property118.com Landlord News Team

28th November 2024, 1 year ago | 1

Monthly rents across the UK have surged to unaffordable levels in every region except the North East, research reveals. Analytics...

Lawyer criticises Renters’ Rights Bill impact assessment for underestimating costs

Author: Property118.com Landlord News Team

27th November 2024, 1 year ago | 4

A lawyer has slammed the Renters’ Rights Bill impact assessment, calling it “unreliable.” David Smith, head of dispute resolution at...

Landlords and agents set to bear brunt of £33M cost of Renters’ Rights Bill

Author: Property118.com Landlord News Team

26th November 2024, 1 year ago | 33

The impact of the Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it...

Portfolio landlords buck the trend by expanding their portfolios

Author: Property118.com Landlord News Team

22nd November 2024, 1 year ago | 1

The UK’s private rented sector (PRS) landlords are defying growing economic pressures by expanding their property portfolios, according to a...

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First-time buyers face years of delay due to rising costs

Author: Property118.com Landlord News Team

20th November 2024, 1 year ago | 0

Nearly half of prospective first-time buyers in the UK are being forced to delay their homeownership dreams due to the...

House prices dip post-Budget but 2025 looks bright – Rightmove

Author: Property118.com Landlord News Team

18th November 2024, 1 year ago | 0

Average house prices have fallen by 1.4% this month, a larger drop than the usual seasonal decline, which is probably...

Housing crisis deepens as landlords sell up – NRLA

Author: Property118.com Landlord News Team

15th November 2024, 1 year ago | 11

Tenants across the UK are facing a worsening housing crisis as landlords continue to sell properties, exacerbating the already severe...

Landlords defy expectations of an ‘exodus’ – claims Lomond

Author: Property118.com Landlord News Team

15th November 2024, 1 year ago | 12

Two weeks after the Autumn Budget, fears of a mass exodus of landlords from the private rented sector (PRS) are...

Section 24 is the reason for rocketing rents – not landlords

Author: Property118.com Landlord News Team

14th November 2024, 1 year ago | 64

Tenant group Acorn claims that rent caps are the solution to curb rising rents. The group also believes “landlords have...

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Housing market shows signs of life as prices edge up

Author: Property118.com Landlord News Team

14th November 2024, 1 year ago | 0

The English and Welsh housing market has shown signs of life in October, with average house prices edging up by...

Renters are increasingly turning to ‘fixer-uppers’ – Rightmove

Author: Property118.com Landlord News Team

13th November 2024, 1 year ago | 5

Renters across the UK are increasingly turning to fixer-upper properties as a more affordable route to homeownership, according to a...

Two-thirds of landlords lack EPC C rating as many plan rent hikes for upgrades

Author: Property118.com Landlord News Team

12th November 2024, 1 year ago | 13

Two-thirds of landlords currently own at least one property that does not have an EPC C rating, according to Foundation...

UK house prices hit new record high

Author: Property118.com Landlord News Team

7th November 2024, 1 year ago | 0

The average UK house price edged up 0.2% in October despite the economic uncertainty, marking the fourth consecutive monthly increase,...

JLL forecasts a 17% rent rise over the next five years

Author: Property118.com Landlord News Team

6th November 2024, 1 year ago | 1

Despite a rapid rise in rents over the past three years, real estate firm JLL is forecasting that rents will...

House prices to rise by 23% over the next five years – Savills

Author: Property118.com Landlord News Team

6th November 2024, 1 year ago | 0

House prices in the UK are forecast to increase by £84,000 over the next five years, according to a new...

Kevin Hollinrake appointed Shadow Housing Secretary in Conservative cabinet

Author: Property118.com Landlord News Team

6th November 2024, 1 year ago | 1

Former estate agent Kevin Hollinrake has been appointed as the new Shadow Housing Secretary. Kemi Badenoch, the newly elected leader...

Private providers lead social housing growth but challenges remain

Author: Property118.com Landlord News Team

5th November 2024, 1 year ago | 0

Despite an increase in affordable housing, only 700 social homes were built in England last year, according to the Regulator...