Property News
Latest news, advice, and insights for UK property professionals
London Rental Yields Rise as Market Shows Resilience
Average rental yields in London have increased to 5%, with Tower Hamlets leading at 6.3%, according to Benham and Reeves.
High Room Rents Limit Graduate Mobility, Says SpareRoom Data
SpareRoom data indicates that high room rents are reducing the mobility of new graduates, with Oxford highlighted as a particularly expensive area for entry-level workers.
Average UK Landlord Income Hits Record £89,000, Survey Finds
A new survey reports average annual landlord rental income has reached £89,000, rising £14,000 in the last quarter and £16,000 over the past year.
Government Confirms Timetable for Renters Rights Act Phases
The Ministry of Housing has confirmed the timetable for the next phases of the Renters Rights Act, with phase 2 set to begin later this year and a sector database from late 2026.
One in Five Landlords Lack Trust in Agents’ Deposit Handling
A survey by The Letting Partnership found 19% of landlords in England do not trust letting agents to handle rental income and tenancy deposits correctly.
Welsh Government Leasing Scheme Offers Guaranteed Rent to Landlords
Landlords in Wales are being reminded of a government leasing scheme offering guaranteed rent for leasing properties to local councils for five to 20 years.
Government Renews Appeal for Homes for Ukraine Scheme Hosts
The government has renewed its call for sponsors to host Ukrainian refugees under the Homes for Ukraine Scheme, which has been in place since March 2022.
Britain’s Most Expensive House Remains Empty as Homeless Man Lives on Porch
2-8A Rutland Gate, once Britain’s most expensive house, has stood empty for years while a homeless man has lived on its porch for three years.
Michael Bruce Confirmed as Director in Purplebricks Return
Michael Bruce has been confirmed as a director at Purplebricks’ parent company Strike, marking his return to the agency he co-founded. Reports also suggest Kenny Bruce may be involved.
Rightmove to Exit FTSE 100 and Join FTSE 250 After Annual Review
Rightmove will leave the FTSE 100 and move to the FTSE 250 later this month, following FTSE Russell's annual review based on market capitalisation.
ASA Rules RE/MAX Franchisee's Comparison Advert Misleading
The ASA has ruled that a RE/MAX Property Specialists advert comparing its services to rival estate agents was misleading and must not appear again in its current form.
MPs Urge Major Reform of Stamp Duty Land Tax
A parliamentary committee has called for Stamp Duty Land Tax to be cut, overhauled or replaced, citing barriers to homeownership and a slowing property market.