Property News
Latest news, advice, and insights for UK property professionals
Rents on Newly-Let Homes Rise Across Great Britain
Average rent for newly let homes in Great Britain reached £1,392 in June, up 1.6% year-on-year, according to Hamptons via Landlord Today.
Landlord Exits Most Concentrated in London and South, Data Shows
Landlord exits from the private rental sector are most concentrated in London and the South of England, according to new data reported by Landlord Today.
Activists Present Five New Demands for Rental Sector Reform
Generation Rent has issued five new demands for rental sector reform as Andy Burnham is set to become Prime Minister, according to Landlord Today.
One-Year Re-Letting Ban Leaves 100,000 Rental Homes in Limbo
A new analysis highlights that 100,000 rental homes are affected by a one-year re-letting ban under the Renters Rights Act, impacting landlords who serve a Ground 1A notice to sell.
Propertymark: Red Tape Drives Investors Away from Buy-to-Let
Propertymark reports that more investors are considering commercial property over residential due to rising tax and compliance demands.
Report Highlights Change in North-South Rental Yield Gap
A report covered by Letting Agent Today notes a shift in the North-South gap on rental yields, citing data from Fleet Mortgages.
Buyer Demand Drops as Agents Urged to Focus on Buyers, Not Just Sellers
Zoopla reports a 10% year-on-year drop in buyer demand, while Rightmove notes buyer choice is at its highest since 2015. Agents are being advised to prioritise buyers in the current UK property market.
New Campaign Renews Debate Over Rent Controls in UK
A new campaign has launched, bringing the issue of rent controls back into focus for UK letting agents and property professionals.
Central London Lettings Agency Acquired by AI-Fuelled Brokerage
A brokerage firm has acquired a central London lettings agency that also handles sales, according to Letting Agent Today.
Letting Agent Awaits Sentence After Court Hears of Drug Property Network
A letting agent is awaiting sentencing after a court heard details of a drug property network linked to Condor Estates, following a police investigation.
Landlord Sales Slow as 12-Month Re-Letting Ban Impacts Market
Landlord sales have slowed as a 12-month re-letting ban makes selling more difficult, with landlord purchases exceeding sales for the first time in seven years.
UK Room Rents Rise Again as Affordability Concerns Grow
Average UK room rents have increased to £761 per month, with a 0.5% rise over the past year and nearly 7% growth in three years, according to SpareRoom data.