Surge in Section 21 Notices Sparks Concerns of Dominant Corporate Landlords
In the wake of the Renters’ Reform Bill and its impending abolition of Section 21, Dutton Gregory Solicitors has raised an alarm over a significant surge in the filing of Section 21 notices. The legal firm highlights that an unprecedented number of private landlords are taking preemptive measures to protect their investments, potentially paving the […]
Asking Rents for Rental Properties Soar to New Highs Outside London
In a sign of the ongoing impact of the pandemic on the rental market, average asking rents for new tenants outside of London have surged to a new record, reaching £1,231 per calendar month (pcm), according to the latest figures. The data reveals that the average asking rent for a typical home in regions outside […]
Looming Threat of Section 21 Abolition: The Impact on the Rental Market
Introduction: In recent months, the rental market has been shaken by the looming threat of the abolition of Section 21, as warned by legal firm Dutton Gregory’s Landlord and Tenant department. The firm reports an unprecedented surge in Section 21 notices issued to tenants since the announcement of the planned reform. This increase is attributed […]
Rightmove Reveals 16% of Properties for Sale Previously on Rental Market
In its most recent rental market snapshot, Rightmove has unveiled startling figures showing that 16 per cent of properties currently listed for sale were once available for rent. This percentage marks a notable increase from 13 per cent recorded before the pandemic hit. The data presented in the report also sheds light on the mounting […]
Record High Rents and Rising Tenant Demand: An In-depth Look
Introduction: The UK rental market has been witnessing unprecedented changes over the past few years, with new records being set quarter after quarter. According to the latest Rightmove rental tracker, average asking rents for new tenants outside of London have reached an all-time high of £1,231 per calendar month (pcm). This figure is a staggering […]