Property sales agreed fall 8% as new listings hit record
Property sales agreed in the UK fell 8% in May compared to the same period last year, according to new data from TwentyEA, though the decline was offset by a…
Committee calls for landlord support from £5bn fund
The Committee on Fuel Poverty has recommended that private landlords receive targeted support from the Government’s £5 billion Warm Homes Fund to help meet proposed Energy Performance Certificate (EPC) requirements…
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…