A figure in one of the country’s highest profile lettings companies has hit out at a government proposal to penalise the holiday lettings sector. The government floated the idea at the weekend, suggesting that Chancellor Jeremy Hunt would use tomorrow’s Budget to remove tax concessions for those who let furnished holiday and short let properties. This would give Hunt £300m for pre-election…
View Full Article >A pressure group unhappy about lack of progress on the Renters Reform Bill wants MPs to be bombarded with complaint emails. Over the weekend the government made a public statement saying the Bill - already going through Parliament - would return to the House of Commons for its Third Reading shortly; and Housing Secretary Michael Gove gave a commitment on TV that the Renters Reform Bill would…
View Full Article >The British Property Federation (BPF) has launched its manifesto ahead of this year’s general election, which includes key policies designed to help the next government bolster economic prosperity and increase affordable housing supply by working closer with housebuilders. The property trade group has called on the next government to invest an additional £14bn into affordable homes to…
View Full Article >Landmark Chief Executive Simon Brown says a high level of listings and cheaper finance means the market could be ready for positive movement. Robyn Hall 22nd January 2024 1 Comment 146 Views Listings in England and Wales remained strong throughout the last quarter of 2023 but subdued market conditions continued to impact transaction pipelines and limited the number of completions,…
View Full Article >The latest rental index from Goodlord shows average rents in England rose nearly nine per cent higher across 2023. In 2022, rents averaged £1,086 per calendar month. In 2023, annual averages were £1,182 - an uplift of 8.8 per cent. Rents dipped late in the year but the highest rents of 2023 were recorded between July and September when the average topped £1,300 for the first time.…
View Full Article >Data from HMRC shows property transactions fall for the third consecutive month, with an annual drop of 22%. Residential property sales fell for the third month in a row as the market reacts cautiously to interest rates. Figures from HMRC show that November saw another drop in deals done, with seasonally and non-seasonally adjusted transactions down by 1% and 2% respectively. While non-seasonally…
View Full Article >The Bank of England has decided to hold the base interest rate at 5.25% for the third consecutive review. The last review was November 2nd. The Bank’s Monetary Policy Committee (MPC) meets eight times a year to set interest rates. Its nine members vote on whether to increase, reduce or hold interest rates. At the last decision, six of them voted for no change and three…
View Full Article >Landlords are finding it difficult to keep up with laws and regulations hitting the private rented sector, according to ‘Understanding Landlord Behaviour’ research from the UK Collaborative Centre for Housing. Those who don’t belong to a landlord association are more likely to report that changes are not being communicated clearly, at 67% compared to 59% for association members.…
View Full Article >The market share of self-employed agents across the sales sector has grown 33% in the last year and 500% since 2019, new figures show. Data provided by TwentyEA , part of the TwentyCi group, found that by October 2023, self-employed agents had launched 1.8% of all new instructions in the last year. This is despite the olde r model online agents seeing…
View Full Article >England and Wales have seen rising rental yields for the third quarter in a row, with the total yield up 1.0 to 6.9 per cent on the same period of 2022, according to Fleet Mortgages. Across all regions of England and Wales the lender’s BTL Barometer shows an annual increase in rental yields with the underlying factors driving the market being an increased demand from tenants, a shortage…
View Full Article >A figure in one of the country’s highest profile lettings companies has hit out at a government proposal to penalise…
05MARA pressure group unhappy about lack of progress on the Renters Reform Bill wants MPs to be bombarded with complaint…
12FEBThe British Property Federation (BPF) has launched its manifesto ahead of this year’s general election, which…
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