Latest News/Blogs
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Government target suffers blow as housebuilding falls
Housing Secretary Steve Reed’s pledge was “build baby build”, but the latest ONS figures show private housing output dropped 6.3%. The Government’s plan to deliver 1.5 million new homes by 2029 has suffered another blow with news that housebuilding actually fell. There was a 6.3% drop in output of private…
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Landlords urged to increase inspections post Renters’ Rights Act
The ending of fixed-term tenancies means landlords could lose oversight of the condition of their properties, warns Inventory Base’s Siân Hemming-Metcalfe. Nearly half of landlords plan to inspect their rental properties no more than once a year after the Renters’ Rights Act replaces fixed-term assured shorthold tenancies (ASTs) with periodic…
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Fate of housing market ‘depends on Trump’, says Knight Frank
What US President Donald Trump says about the length of the war in the Middle East will determine the future of the housing market, says Knight Frank. Leading estate agency Knight Frank says the fate of the housing market this year may depend on what Donald Trump (main picture) declares…
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Renters Rights Act at a glance
From today, long-standing practices including Section 21 ‘no-fault’ evictions came to an end, ushering in a new legal framework based on periodic tenancies, strengthened tenant protections, and a greater reliance on statutory grounds for possession. Propertymark, the letting agents’ trade body, has given this guide to the biggest changes. End…
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Industry slams rent freeze proposal
Reports of a year-long rent freeze for the PRS to help tenants with the cost of living have been criticised by the industry, who point out that it may force landlords – already under pressure from the Renters’ Rights Act and increased costs – out of business. Ben Beadle, chief…
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Ground rent cap will give landlords £8.7bn windfall
Leasehold reforms are likely to have unintended economic consequences, warns former Treasury economist Martin Beck. Labour’s proposed annual cap on ground rents could deliver an unexpected windfall to property investors rather than just benefiting owner-occupiers, as a significant number of rental properties are leasehold, according to analysis carried out by…
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Global headwinds weigh on housing market confidence, warns RICS
Forward-looking sentiment has turned more cautious, although twelve-month expectations “remain positive”, says RICS analyst Tarrant Parsons. Confidence in the UK housing market weakened in February as renewed geopolitical and macroeconomic uncertainty have weighed on buyer sentiment, according to the RICS latest survey. Its data shows new buyer enquiries continued their…
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Mortgage market suffers ‘worst turbulence’ since Truss Mini-Budget
Experts warn mortgage rates are climbing at the fastest pace since the Mini-Budget delivered by Kwasi Kwarteng in 2022, due to the effects of the war in the Middle East. The mortgage market is now becoming as turbulent as it was following the Liz Truss mini-Budget, which saw loan rates…
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Britain’s most expensive streets named by Rightmove
Rightmove claims it’s identified Britain’s most expensive streets. It says Winnington Road in Barnet, London retains its top-spot position as the most expensive street in Great Britain, with an average asking price of £12,538,095. The analysis is based on Rightmove’s data, with the UK’s largest choice of homes for sale and rent and includes streets where at least five…
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A third of flats may be “unsellable” in latest housing crisis
Leasehold flat owners risk being unable to sell their homes due to high service charges making them unmortgageable. More than a third of flats may be unsellable, MPs have been warned. Speaking in front of the Housing, Communities and Local Government Committee in Parliament this week, Harry Scoffin, of campaign group Free Leaseholders,…
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Landlords “face eviction costs of £3,000” under Renters’ Rights Act
A leading agent has warned landlords and letting agents that Section 8 evictions will cost around £3K, and that’s before the loss of rent is counted. Landlords face eviction costs of around £3,000 to evict tenants once the Renters’ Rights Act becomes law in May, a leading agent has warned.…
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Private rental arrears near half a billion pounds a year
The private rental sector in England alone has to deal with more than £470m worth of rent arrears in a year. Propoly has analysed the latest available government data on rent arrears in England and found that in the year 2024-25, an estimated 210,163 rented households fell into arrears. The…