Rents Reach Record High Amid Landlord Exodus, Research Shows
Rents Reach Record High Amid Landlord Exodus, Research Shows The average advertised rent across the UK has surged to a new record high, despite growing numbers of landlords leaving the buy-to-let market, fearing capital gains tax hikes in the forthcoming Autumn Budget. Data from Rightmove’s latest Rental Trends Tracker reveals that the average rent for […]
Renters’ Rights Bill Will Overwhelm Tribunal System, Warns Industry Expert
Letting agents and landlords are bracing for a surge in rent disputes when the Renters’ Rights Bill (RRB) comes into force next spring, according to Steve Richmond, General Manager of Reapit UK&I, a leading proptech firm. Richmond warns that the impending legislation could trigger a massive increase in cases, adding pressure to an already strained […]
Council Reclaims Long-Empty Property After Six-Year Vacancy
Haringey Council has taken decisive action to reclaim a derelict property in Tottenham that had stood empty for six years, as part of its ongoing effort to bring unused homes back into circulation. The three-bedroom house, located in the borough, had been unoccupied since 2018 when its previous tenant moved into a care home, leaving […]
Housing Costs Surge as Rent and Mortgage Rates Rise: Barclays Report
Rent and mortgage costs have surged once again after hitting a 17-month low, according to the latest findings from Barclays Property Insight. The report reveals a 4.5% year-on-year increase in housing costs, a significant jump from the 1.1% growth recorded in August. The timing of this surge raises concerns ahead of the government’s anticipated budget […]