Scottish Landlords warn of 36,000 fewer homes to rent without increased investment

The Scottish Association of Landlords (SAL) said the Scottish Government must dump damaging rhetoric criticising private landlords and, instead, encourage investment in the sector plus accelerate plans to build more homes for social rent. SAL has published the results of a member survey of 635 of its members, with a collective private rented sector (PRS) […]

An outlook for the rental market in 2022

The rental market is recalibrating after Covid, and this is evident in the latest data from Zoopla’s rental index. For 18 months after the start of the pandemic, our data was showing ‘doughnut’ demand in cities – ie, strong demand in wider commuter zones as renters looked for more space and then hollowed-out demand in […]

Rental sector to face higher bills because of Russia-Ukraine crisis

Agents, landlords and tenants alike face the prospect of higher bills because of the Russia-Ukraine crisis. In terms of energy costs, an analysis by business consultancy Hargreaves Lansdown shows that while the UK gets far less gas from Russia than the rest of Europe – at around three per cent – this will not prevent […]

Housing crisis: Landlords in Wales selling up, says report

The number of landlords selling up in Wales is more than double the UK average, according to a letting agent regulator. In a report published by Propertymark, data suggested that about five landlords per letting agency had put their properties up for sale, compared to the UK average of two. Wales also had the highest […]

Landlords face fines of up to 36 months’ rent under government plans

A proposal that landlords be fined up to 36 months rent has been put forward in a consultation paper. The Scottish Government’s ‘A New deal for Tenants’ proposal says it is introducing fines of up to £25,000 for landlords’ if there has been an unlawful eviction – however, a leading agent suggests the reality could […]

Demand for rented homes remains high, as supply dries up

Tenants could find it even more difficult to find an affordable home to rent, as supply looks set to fall further. Demand for private rented housing remained strong at the end of 2021, according to the National Residential Landlords Association. Over half (56%) of landlords reported a rise in demand for privately rented homes in […]

Buy To Let returns far better than ISAs, research shows

New research shows that despite tax and regulatory changes restricting buy to let returns, this remains a far healthier investment than buying into ISAs. London lettings agency Benham and Reeves has analysed data over the last 10 years looking at the average annual return when investing in a stocks and shares ISA, Cash ISAs and […]

How to capitalize on the growing short-term and flexible rental market in 2022

In the post-pandemic world, workers are being encouraged to go back to the office, but I believe a vast majority will be reluctant to do so. In most countries, including the US and the UK, workers have the right to demand flexible working. Now that many people have experienced the benefits of working remotely, it […]

London rents exceed pre-pandemic levels with average weekly rent £751

Rents in the capital have soared as Covid restrictions have eased, with the average weekly rent now standing at £751. Data from estate agency Chestertons has found that the average rent has soared 21 per cent since 2020 when the average cost for renters was £589. Demand has increased thanks to renters returning to the […]