So-called 'rich kids' sent to London by their wealthy parents are taking over from bankers as the main source of income for agents letting in prime central London’s most exclusive neighbourhoods.
The Residential Landlords Association says it completely rejects data produced by LSL Property Services showing rents in England and Wales up 1.4 per cent with landlords making “substantial returns” as a result.
Lomond Capital has completed its 18th, 19th and 20th acquisitions in just four years of trading as it cements its position in the Manchester, Aberdeen and Edinburgh markets ahead of expansion further south next year.
A £70m development for 404 rental units, the first-ever Built To Rent scheme in the West Midlands, has been announced by Barberry Group.
Average gross yields in six key cities - Leeds, Bristol, Birmingham, Glasgow, Manchester and London - have risen 6.4 per cent in the year to July according to Knight Frank.
One of the three new redress schemes for the letting sector has revealed that it is to operate a two-tier system for agents.
Cluttons says many renters could benefit from short-term leases rather than the three-year tenancies now being suggested by Labour, rental groups and some charities.
The National Landlords Association is continuing to play hardball with charities by urging them to think more like landlords if they really want to get the homeless into private rented accommodation.