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2023 goes down as the year of record rents

London has seen the strongest rental growth over the last year according to an analysis by lettings agency Hamptons.   The average rent...

27 December 2023

From: Breaking News

Recent rise in buy to let landlords quitting, confirms Bank of England

A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...

22 December 2023

From: Breaking News

Regulate Agents in 2024 - Propertymark explains why it’s needed

Agents’ trade body Propertymark says the current debate on the Leasehold and Freehold Reform Bill is another example of how agent...

22 December 2023

From: Breaking News

Agent unhappy at “missed opportunity” to help rental and other housing sectors

One of the UK’s leading lettings agents is bemoaning what he calls “the missed opportunity “ to help the rental sector...

22 December 2023

From: Breaking News

Half of prime London new builds in 2023 went to foreign investors - agency

Strutt & Parker’s London New Homes staff attribute 50 per cent of their market this year as dollar-based - 30 per...

22 December 2023

From: Breaking News

Timetables demanded for smoke alarm and electrical safety changes

Propertymark has responded to two consultations on the proposals to introduce electrical safety standards and smoke and carbon monoxide alarms in...

22 December 2023

From: Breaking News

Top agent senses change of mood in rental market

One of Britain’s leading agents - former RICS residential chairman Jeremy Leaf - says he is seeing a change of mood...

21 December 2023

From: Breaking News

Politicians demand Christmas ban on Section 21 evictions

The Liberal Democrats have called on the government to bring in an emergency ban on no fault evictions and banks repossessing people’s homes...

21 December 2023

From: Breaking News

Agents demand radical legal reform and a new Housing Court

Propertymark has listed a string of legal reforms it wants as part of the government’s modernisation of the court process -...

21 December 2023

From: Breaking News

Labour housing policies win strong public support as Tories lag behind

Independent polling gives Labour a big lead when it comes to its approach to housing policy. Detailed polling by the Ipsos pollster...

21 December 2023

From: Breaking News

Agents slam government house building failures as rental supply drops

Propertymark has urged the Scottish Government to build more affordable homes. The latest data from the Scottish Government itself shows that the...

21 December 2023

From: Breaking News

Rightmove to use Spotify and YouTube as well as old-school TV ads

The next phase of Rightmove’s 'believe it’ marketing push begins on Boxing Day, to coincide with the post-Christmas and New Year...

20 December 2023

From: Breaking News

Covid Fraud - property company bosses given suspended sentences

Two property company bosses have been sentenced following an Insolvency Service investigation which found they had abused a £30,000 Bounce Back...

20 December 2023

From: Breaking News

The three qualities landlords want from letting agents - revealed

A new survey of 4,000 landlords has identified the three qualities they look for in a letting agent. Whereas trust and liveability...

20 December 2023

From: Breaking News

Over 90% of homes could meet EPC rating C or higher - claim

A major property industry supplier claims that the housing sector could meet government targets to improve the Energy Performance Certificate ratings for homes.  Landmark...

20 December 2023

From: Breaking News

Last Ditch Bid to save unpopular freeholds from Gove’s law change

Plans for leasehold reform face a major early stumbling block as analysis shows plans to retrospectively introduce a cap on ground...

20 December 2023

From: Breaking News

Agents warned over Electrical Installation Condition Reports crisis

Repairs and maintenance supplier Fixflo is warning agents of a surge in demand for Electrical Installation Condition Reports in the short...

19 December 2023

From: Breaking News

Rental Sector Won't Become Energy Efficient without Incentives - claim

Propertymark has urged the government to do more to help the country’s most vulnerable citizens heat their homes.   Office for National Statistics...

19 December 2023

From: Breaking News

Scrapping Section 21 can’t come quickly enough, says charity

Homelessness charity Crisis says the long-standing government pledge to scrap Section 21 eviction powers can’t come soon enough. The charity has backed...

19 December 2023

From: Breaking News

Rightmove reveals this year’s busiest rental location

Rightmove has released its annual league table of busiest rental locations. Wrexham is this year’s busiest, with each home available to rent...

19 December 2023

From: Breaking News

More guarantors demanded as economy slump goes on

An analysis of tenants renting between 2020 and 2023 shows a big rise in those on high salaries asked to provide...

19 December 2023

From: Breaking News

This week’s inflation news may determine a New Year interest rate cut

All eyes are on HM Treasury this week ahead of the next inflation figures, to be released on Wednesday morning. Analysts suggest...

18 December 2023

From: Breaking News

Homelessness charities receive thousands from agents’ carol concert

The Fine & Country Foundation’s Annual Carols by Candlelight concert, held in collaboration with King's College Cambridge, has raised £21,061. This will...

18 December 2023

From: Breaking News

EPC Change On The Way? New energy ratings planned by government

The government has launched a public consultation on a radical new UK home energy rating system to replace the long-standing Standard...

18 December 2023

From: Breaking News

Portal announces agent qualification before possible mandatory regulation

A property portal has announced the inaugural graduation of its first-ever qualification. Some 55 students were awarded the SPC Property Practice Certification,...

18 December 2023

From: Breaking News

Huge 31% leap in prime London rents since pre-pandemic times - LonRes

LonRes says rents in prime London are still rising but the rate of rental growth has slowed to two-year low. That took...

18 December 2023

From: Breaking News

Rebrand for 90-office national agency chain

The Northwood franchise, which has more than 90 offices nationwide, has unveiled a new look for its lettings and estate agency...

15 December 2023

From: Breaking News

Fairer Rental Sector is key Propertymark demand for Budget

Propertymark has laid out its proposals to the Scottish Government ahead of its 2024-25 Budget next week. The letting agents’ trade body...

15 December 2023

From: Breaking News

Purplebricks relaunch ads only focussed on some parts of England

Purplebricks has appointed a new media agency - mSix&Partners - as it launches its ‘free’ sales offer to landlords and other...

15 December 2023

From: Breaking News

Freeholders slammed by former Tory housing minister

Former housing minister Rachel Maclean - the victim of a shock sacking by Prime Minister Rishi Sunak last month - has...

15 December 2023

From: Breaking News

Small autumn dip in London rents as market returns to normality

Data from London-focussed lettings agency Foxtons has found that rent is up eight per cent year-on-year, with the London average now...

15 December 2023

From: Breaking News

Agency failed to return vacant possession of rental property to landlord

A London lettings agency has been expelled from The Property Ombudsman for not paying compensation to a landlord following a failure...

14 December 2023

From: Breaking News

Britain in grip of mould crisis, property industry body claims

Britain is in the grip of a new mould crisis, a leading property association has warned.  The National Association of Property Buyers...

14 December 2023

From: Breaking News

Surveyors warn: Landlords can’t keep their heads above water

Private landlords are abandoning their property portfolios in unprecedented numbers, a group of surveyors claims. The Manchester-based chartered surveyors and auctioneers -...

14 December 2023

From: Breaking News

Prime lettings market now near normal says Knight Frank

There were 3.7 new prospective tenants for every rental property listed in prime London postcodes last month says Knight Frank. The figure,...

14 December 2023

From: Breaking News

Rural tenants hit hardest by rent rises caused by stock shortage

Private sector tenants in rural areas are facing the brunt of growing rents, according to new research. Whilst some measures suggest tenants...

14 December 2023

From: Breaking News

Changing face of Private Rental Sector revealed by new survey

A survey of more than 1,000 landlords in the Deposit Protection Service shows the scale of change in the private rental...

13 December 2023

From: Breaking News

Renters Reform Bill at risk if councils aren’t given more cash - MPs

Measures contained in the Renters Reform Bill will fail without sufficient resources to ensure they can be enforced. The warning comes from...

13 December 2023

From: Breaking News

Mortgage lending to drop in 2024 - a silver lining for rental sector?

It looks as if the rental market is set to stay strong for some years to come. That’s because lending for house...

13 December 2023

From: Breaking News

Shocking rent rises now a thing of the past says Zoopla

The scale of rent rises has peaked with future increases likely to be smaller, says Zoopla. The portal’s latest report into the...

13 December 2023

From: Breaking News

Regional agency celebrates 30 per cent rise in lettings business

Berriman Eaton has reported a 30 per cent rise in its dedicated lettings business since 2020, with more than 420 properties...

13 December 2023

From: Breaking News

Labour council’s rental licensing scheme will be one of UK’s largest

A Labour-run London council is consulting on a new licensing scheme for private rented property.  If it goes ahead it will be...

12 December 2023

From: Breaking News

Forecast - rental market to see “strong resurgence” next year

Next year will see “a strong resurgence” in the rental market, a leading agent predicts. Nicky Stevenson, Managing Director of Fine &...

12 December 2023

From: Breaking News

ARLA agent is new head of Experts In Property

It’s all change for a regional agents’ group which has announced a new chair and new directors. Cornwall-based former estate agent Steve...

12 December 2023

From: Breaking News

Rents soar as new demographics change face of renting in Britain

The total amount of rent paid by tenants in Great Britain this year will hit £85.6 billion - over twice the...

12 December 2023

From: Breaking News

Local Housing Allowance - call for even more help for low-income renters

Low-income renters will get a boost next spring - but a pressure group wants more government help for this sector. The Chancellor’s...

12 December 2023

From: Breaking News

Lloyds Bank’s Build To Rent offshoot announces new scheme

Citra Living, the Build To Rent arm of Lloyds Banking Group, has announced another new scheme. It is a 95-flat development at...

11 December 2023

From: Breaking News

More tenants now shop around, says high profile agent

A prominent London buying agent and property consultant says the slowly improving supply of rental property means more tenants are now...

11 December 2023

From: Breaking News

HMO warning letters ignored by rogue lettings agency

A lettings agency has pleaded guilty to seven offences relating to an HMO. IHomes Letting Limited has been fined £16,970 for failing...

11 December 2023

From: Breaking News

Independent agency disappears as franchise giant expands

Martin & Co - part of the TPFG franchise giant - has purchased another independent agency. Father and son duo Jaspal and...

11 December 2023

From: Breaking News

Many renters will be Home Alone this Christmas

A survey suggests that a third of UK tenants who plan to spend Christmas in their rental property will be alone.  A...

11 December 2023

From: Breaking News

Shelter plots huge email campaign to stop Renters Reform Bill ‘watering down’

Campaigning charity Shelter claims there’s a conspiracy amongst MPs, landlords and others in the private rental sector to water down the...

08 December 2023

From: Breaking News

Agency installs new systems after error leaves HMOs unlicensed

A lettings agency has initiated new systems to ensure there is no repeat of a mistake that left some client properties...

08 December 2023

From: Breaking News

Councils enforcing rental licensing are on brink of bankruptcy

Scores of councils that enforce licensing regimes on the private rental sector claim they are on the verge of bankruptcy. Almost one...

08 December 2023

From: Breaking News

Housing minister backs Build To Rent

New housing minister Lee Rowley has spoken out in favour of Build To Rent. At the inaugural Build To Rent Innovators conference...

08 December 2023

From: Breaking News

Energy Efficiency - owners all at sea over where to start

Almost two in five UK owners - landlords and homeowners - now consider improving the energy efficiency of their property an...

08 December 2023

From: Breaking News

Letting Agent Thief sentenced after stealing over £128,000

A thieving lettings agent stole over £128,000 which should have gone to landlord clients - and with it she funded an...

07 December 2023

From: Breaking News

Agents list major problems with Renters Reform Bill

Propertymark has set out its pro-agency position on a range of issues contained in the Renters Reform Bill, currently trundling through...

07 December 2023

From: Breaking News

Expensive rental eco-heat scheme needs rethink - top agent

A consultation to introduce boilers into homes and the private rented sector needs ‘more carrot than stick’ according to a prominent...

07 December 2023

From: Breaking News

Downturn? What downturn? Propertymark books entire hotel for a party!

Propertymark is revamping the big London conference it trialled this year - and it’s fired an entire hotel for the after-party...

07 December 2023

From: Breaking News

Airbnb claims its short lets support thousands of jobs across UK

A new report claims that Airbnb has generated tens of thousands of jobs in the UK and enables people to work...

07 December 2023

From: Breaking News

Data Protection - agency advice from the Information Commissioner’s Office

The Information Commissioner’s Office has issued advice to agencies on how to comply with data protection law.  The UK data protection regulator...

06 December 2023

From: Breaking News

Agency reveals Management Buy Out and names leadership team

The partners of high end agency and property consultancy Cluttons have announced the completion of a management buyout.  James Gray continues as...

06 December 2023

From: Breaking News

Watchdog slams GetAgent over misleading website claims

Controversial website content by the high profile website GetAgent must never appear again, according to the ad industry watchdog. The Advertising Standards...

06 December 2023

From: Breaking News

Leasehold Reform Bill wins praise from industry body

Michael Gove’s Leasehold and Freehold Reform Bill, currently going through Parliament, has won praise from the industry body The Property Institute. There...

06 December 2023

From: Breaking News

Rental demand staying high despite approach of Christmas

The latest Rental Index from PropTech firm Goodlord has shown that year-on-year rents are up by 7.3 per cent across England...

06 December 2023

From: Breaking News

Two of PropTech’s biggest names announce merger

Two of the highest profile PropTech suppliers to the lettings and wider property sectors have announced a merger. Reapit and PayProp say...

05 December 2023

From: Breaking News

OnTheMarket share dealing to be suspended next week

Dealing in OnTheMarket shares will cease at 7.30am on December 12 following yesterday evening’s announcement that the CoStar takeover had won...

05 December 2023

From: Breaking News

One in seven agents see evidence of rents now falling

A surprising one in seven lettings agents is now reporting a fall in rents rather than a rise. Although far more agents...

05 December 2023

From: Breaking News

Rent rises outstrip inflation in every part of the UK - new figures

Latest data from The Deposit Protection Service suggests rents have risen faster than inflation over the past year. The organisation’s Rent Index...

05 December 2023

From: Breaking News

Agency group hits eco-target eight years ahead of schedule

Leaders Romans Group claims it reached carbon neutrality in 2022, eight years ahead of its original target of 2030.  The firm says...

05 December 2023

From: Breaking News

Lettings Excellence - winning young agent  named

High achieving agents in lettings and other sectors of our industry have been recognised at a prestigious London celebration. Learners, apprentices, employers...

05 December 2023

From: Breaking News

Shareholders reach decision on takeover of OnTheMarket

The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar.  A statement released this afternoon says: "The...

04 December 2023

From: Breaking News

Buy To Let Mortgage Arrears Double In Just One Year

Cases of buy-to-let arrears have doubled in a single year, according to a new analysis. The research, from Octane Capital, analysed quarterly...

04 December 2023

From: Breaking News

OnTheMarket investor critic’s last-ditch bid to scupper deal

Long-standing activist investor Brett Stone has made a last-ditch bid to scupper a proposed takeover of OnTheMarket by US firm CoStar. CoStar...

04 December 2023

From: Breaking News

Agency Consolidation - another small independent snapped up by growing firm

Lomond has snapped up another small lettings agency - its fifth acquisition in as many weeks. It’s purchased Sussex-based Howard & Co...

04 December 2023

From: Breaking News

Lettings firm to be managing agent for council Build To Rent scheme

Portsmouth and Southsea lettings agency Chinneck Shaw has been appointed to manage the first purpose-built Build to Rent project from Ravelin...

04 December 2023

From: Breaking News

Propertymark details 2024 #morefor24  regional programme

Propertymark has outlined an extensive regional programme for next year. It’s going to hold 19 regional events under the #morefor24 campaign slogan. The...

04 December 2023

From: Breaking News

Government slammed over clampdown on Airbnb and short lets

A trade body representing short lets operators has slammed government housing failures. The Short Term Accommodation Association says it’s analysed local authority...

01 December 2023

From: Breaking News

Shelter blames private rental sector for growing child homelessness

Shelter says there are nearly 139,000 children officially homeless and living in temporary accommodation - and it’s blaming the private rental...

01 December 2023

From: Breaking News

Lettings agents urged to use webinars to keep up with compliance issues

Sally Lawson of Agent Rainmaker writes: Online information sessions are a vital way to network with landlords and showcase your expertise. That’s what...

01 December 2023

From: Breaking News

Agency Leadership Training sees first baker’s dozen graduates

A total of 13 franchisees from brands within the Belvoir Group have graduated from what the firm calls “a unique new...

01 December 2023

From: Breaking News

Another holiday lets area council slaps tax surcharge on second homes

Second homes in the area of Essex known as Tendring - including popular holiday lets resort Frinton on Sea and the...

01 December 2023

From: Breaking News

Trading Standards reveal details of new Material Information requirements

Parts B and C of the process to improve material information disclosure in property listings are published today within comprehensive new guidance...

30 November 2023

From: Breaking News

Agency calls for Landlords Reform Bill to redress rental balance

Leaders Romans Group is calling for a Landlords Reform Bill to balance the challenges and apparent disincentives now deterring landlords from...

30 November 2023

From: Breaking News

Controversial ex-Countrywide boss appointed to new post

Almost six years after her departure as chief executive of Countrywide, Alison Platt has been appointed to a new senior position. She...

30 November 2023

From: Breaking News

Hundreds of objections to large Build To Rent development

Another large Build To Rent scheme is in the offing, this time in Devon’s capital city, Exeter. Plans to build 246 BTR...

30 November 2023

From: Breaking News

Agent says second home clampdown is no answer to long-term shortage

The long-term shortage of rental accommodation is now addressed by a short-term clampdown on second homes and empty properties, a leading...

30 November 2023

From: Breaking News

Rent Protection feature launched for agents and landlords

PropTech specialist Vouch has launched a Rent Protection feature, designed to help landlords access cover to mitigate the risk of unpaid rent. The feature...

30 November 2023

From: Breaking News

OnTheMarket Takeover - New endorsement is another boost for board

With less than a week to go before the Court Meeting and the General Meeting which will decide the fate of...

29 November 2023

From: Breaking News

Activists oppose move away from Open Ended Tenancies

The Generation Rent activist group has come out against an amendment to the Renters Reform Bill which reversed the threat of...

29 November 2023

From: Breaking News

Super-Rich rent as they baulk at high Stamp Duty purchase costs

More multi-millionaires and billionaires are choosing to rent super-prime homes in London, rather than purchase, reveals a new wealth report Beauchamp Estates’...

29 November 2023

From: Breaking News

Belvoir agents have access to private rental licensing data

Franchise giant Belvoir is the latest agency group to sign a deal with geospatial technology firm Kamma. The partnership will offer all...

29 November 2023

From: Breaking News

Independent agency snaps up rival as owners retire after 35 years

Pattinson estate agency in the north east of England has snapped up Ryedales Estate Agents, an independent in Northumberland. Ryedales owners Geoff...

29 November 2023

From: Breaking News

Affordability Crisis means rent rises cannot continue at this pace - Savills

Savills is warning that despite strong income growth, rising rents are stretching the finances of those in the private rental sector.  Savills...

28 November 2023

From: Breaking News

New portal takes on letting agents, lists “all available homes for young people”

A new rental website which claims to list “all available homes for young people in one place” has raised well over...

28 November 2023

From: Breaking News

Lloyds Bank buys homes from house builder to let to tenants

Lloyds Banking Group, which announced back in 2020 that it was to become involved in the private rental sector, is buying...

28 November 2023

From: Breaking News

Rightmove shares rise as it takes even more money from agents

Property portal Rightmove has increased its key revenue target in a bullish set of results which shows it has not been...

28 November 2023

From: Breaking News

Rental growth to slow as supply catches up with demand

An agency has issued its rental market forecast for 2024. Chestertons says rents are forecast to have increased by 6.5 per cent...

28 November 2023

From: Breaking News

Industry first as agency gives time off for fertility treatment

Leaders Romans Group has launched a new benefit which supports employees undergoing fertility treatment. The benefit allows staff time off (unpaid for...

27 November 2023

From: Breaking News

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