Buy-to-let returns lag equities, Rathbones reports
Residential property investment no longer delivers the returns that characterised previous decades, according to a report from investment management firm Rathbones. The wealth manager’s latest analysis, titled Don’t Bet the…
Buyer demand weakens as seller activity remains stable
The UK residential sales market is experiencing a growing imbalance between seller activity and buyer demand, according to a survey of more than 300 estate agents commissioned by GetAgent. While…
Pet-friendly rentals command premiums up to £1,300 monthly
Pet-friendly rental properties in the UK are being advertised at premiums of up to £1,300 per month above local averages, according to analysis of Zoopla listings by pet insurance provider…
Peterborough landlord fined £13,936 for safety breaches
A Peterborough landlord has been fined £13,936 and faces inclusion on the Rogue Landlord Database following convictions for multiple housing offences, including failure to address serious safety hazards and operating…
Bank of England rate decision uncertain after ECB hike
The Bank of England faces renewed uncertainty over its interest rate decision this week following the European Central Bank’s move to raise borrowing costs, creating implications for UK mortgage rates…
Rent increases drop 23% following Renters’ Rights Act
The number of tenants experiencing rent increases has fallen by 23% in the first month following the introduction of the Renters’ Rights Act, according to new data from Hamptons. Analysis…
June house prices record largest monthly drop since 2012
Average asking prices fell by 0.6% in June, marking the largest monthly decline for the time of year since 2012, as sellers adjusted pricing expectations amid high levels of competition…
Rental bidding ban requires landlords to revise pricing
Landlords and letting agents are being advised to exercise greater care when setting asking rents following the implementation of a ban on rental bidding wars, according to regulation expert Zach…
UK asking prices fall £2,100 in biggest June drop since 2012
Average asking prices for newly listed homes fell by £2,113 in June, marking the largest decline for the month in 14 years, according to data from Rightmove. The property portal…
Manchester developer secures £2.66m bridging finance
Recognise Bank has provided a £2.66 million bridging finance facility to a regional property developer for a redevelopment site in Burnage, Manchester. The 12-month loan was arranged at 65% loan-to-value…