Mayor Urges UK Government to Implement Licensing Scheme for Short-Term Rentals
London Mayor Sadiq Khan has made a passionate plea to the UK government to work together with him and local borough councils in order to establish a licensing scheme aimed at regulating the burgeoning short-term rentals market. The proposed regulations would empower local councils to limit the number of licenses issued within their jurisdictions, thus […]
Average Fixed Rate Mortgages Drop After Months of Increases
The cost of an average fixed rate mortgage has finally taken a step down after months of consistent increases. According to the latest data provided by Moneyfacts, the average two-year fixed-rate mortgage has dropped to 6.79 per cent today, a slight decline from the 6.81 per cent recorded yesterday. Similarly, the average five-year fixed-rate mortgage […]
Private Rented Sector Records Highest Annual Rent Increase in 7 Years
Rents paid by tenants in the UK’s private rented sector (PRS) witnessed a notable surge of 5.1% in the 12 months leading up to June. This increase, up from the previous month’s 5%, marks the largest annual percentage change since the data series began in January 2016, as reported by the Office for National Statistics […]
Why Now Might be the Perfect Time to Invest in Property
Introduction In the world of real estate, timing is everything. The decision to invest in property is often influenced by various economic factors and market conditions. Today, we sit down with Alex Sullivan, the co-founder of Smarter Rent, to discuss the current state of the property market and why savvy investors might find this to […]
Economic Analysts Predict Possible Base Rate Increase for Next Month
Inflation figures released yesterday have sparked speculation among economic and housing analysts, suggesting that another base rate rise may be on the horizon for next month. However, contrary to recent predictions of sharp increases, the latest data indicates a more moderate outlook. The headline Consumer Price Index (CPI) inflation for June registered at 7.9 per […]