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KEYWORD "Economy" - 100 RESULTS
Get On With It! - agents say Bank should cut rates now

Propertymark is telling the Bank of England that now is the perfect time to cut base rate and trigger wider interest...

21 March 2024

From: Breaking News

Government figures show another sharp rent rise

Average UK private rents increased by 9.0% in the 12 months to February 2024 according to the Office for National Statistics. This...

21 March 2024

From: Breaking News

PropTech sector gives a thumbs down to lacklustre Budget

The PropTech sector has mostly agreed with the rest of the industry in its view on yesterday’s Budget - that it...

07 March 2024

From: Breaking News

Rental Sector Tax Grab - leading agency boss speaks out

A figure in one of the country’s highest profile lettings companies has hit out at a government proposal to penalise the...

05 March 2024

From: Breaking News

Nationwide demands four tax changes to help the private rental sector

Nationwide has taken the unusual step of using its buy to let lending arm - The Mortgage Works - to make...

05 March 2024

From: Breaking News

Companies House clampdown on dodgy agents’ data and information

Companies House has new powers from this week to combat fraud. These are measures under the Economic Crime and Corporate Transparency Act...

05 March 2024

From: Breaking News

Shelter lobbies politicians with ‘rental plan to end homelessness’

Shelter is calling for the construction of 90,000 rental properties each year for a decade - and it claims this would...

27 February 2024

From: Breaking News

Gove’s Airbnb Crackdown - Criticism building

There’s growing anger over restrictions on private homeowners using their properties via Airbnb and other short let platforms. Earlier this week Housing...

21 February 2024

From: Breaking News

Radical changes to short let laws proposed by Michael Gove

Housing Secretary Michael Gove has this morning announced wholesale changes to planning and regulations surrounding short lets. His proposals include: - planning permission...

19 February 2024

From: Breaking News

Report downplays ‘posh’ image of Build To Rent flats and tenants

A new report suggests that past impressions of Build To Rent and other institution-funded rental units as expensive and concentrating on...

19 February 2024

From: Breaking News

MPs turn on Airbnb and other short lets

Prominent MPs from the Conservative and Liberal Democrat parties have renewed their onslaught on Airbnb and other short let platforms.  Former Lib...

06 February 2024

From: Breaking News

Rents Shock - they’ve fallen for the past three months

New data released by insurance firm HomeLet claims that average rents have fallen now for three months on the bounce. The past...

05 February 2024

From: Breaking News

Agent says rents set to fall as economy returns to near-normal

A buying agent claims that rents could finally be tailing off despite some indices showing rises still taking place. According to Rightmove,...

05 February 2024

From: Breaking News

Union slams Bank decision as workers face high rents

A trades union has slammed the Bank of England over its decision to keep base rate at 5.25 per cent, saying...

02 February 2024

From: Breaking News

Thousands of lettings agencies in financial distress - new figures

Thousands of lettings and estate agencies, and other property businesses, are in ‘critical’ or ‘significant’ financial distress, it’s been claimed. The latest...

23 January 2024

From: Breaking News

Shock figures put interest rate cut on the back burner

There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...

18 January 2024

From: Breaking News

Phil Spencer warns that Summer will be hectic for lettings sector

Summer looks like it’s going to be a hectic period for lettings agents and the private rental sector according to TV...

17 January 2024

From: Breaking News

Mandatory Short Lets registration scheme to be introduced

A mandatory short lets registration and licensing scheme is to be introduced in part of the UK, described as a system...

11 January 2024

From: Breaking News

Lettings Market Problems - supply-demand mismatch through to Christmas

New figures released this week by Propertymark reveal that even in the run-up to Christmas there was no significant change in...

03 January 2024

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

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

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

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

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

Renters Reform Bill part of ‘brighter future for UK’ claims Sunak

Prime Minister Rishi Sunak says the Renters Reform Bill will be mentioned in today’s King’s Speech - and is part of...

07 November 2023

From: Breaking News

Interest Rate optimism fuelled by surprise improvement in inflation

There’s growing optimism that tomorrow’s Bank of England monetary policy committee meeting will see base rate held for another month -...

01 November 2023

From: Breaking News

Radical EPC rating B target demanded by business consortium

A business consortium is calling for bold measures to encourage landlords and owner occupiers to retrofit their homes, with the introduction...

24 October 2023

From: Breaking News

Public optimistic about housing market despite feeling worse off

UK consumers feel worse off than a year ago, but remain relatively optimistic about the property . That’s the conclusion of a...

13 October 2023

From: Breaking News

Labour should champion lettings agent regulation - Propertymark

Propertymark has urged Labour to licence letting agents under its plans to ‘fundamentally reform the private rented sector’. The trade body also...

09 October 2023

From: Breaking News

Surprise Interest Rate decision by Bank of England

The Bank of England has revealed its latest decision on base rate - which in turn has a strong influence on...

21 September 2023

From: Breaking News

Bank of England urged to increase interest rates AGAIN

The Centre for Economics and Business Research says the Bank of England should increase UK interest rates by another 0.25 per...

19 September 2023

From: Breaking News

New figures escalate threat of yet another interest rate rise

The spectre of yet another Bank of England base rate rise next week has been increased by economic figures released in...

13 September 2023

From: Breaking News

More tenants struggling to pay rent - government figures

More people are struggling to pay their rent according to a new government survey. The study, by the Office for National Statistics,...

12 September 2023

From: Breaking News

Hate campaign launched against Airbnb

A hate campaign against AirBnb appears to have been launched in a Welsh village. Newspaper reports say a sticker reading 'Death to...

15 August 2023

From: Breaking News

Huge increases in fines for agents letting to illegal migrants

Agents who allow rental properties to be let to migrants who do not have the right to be in the UK...

08 August 2023

From: Breaking News

Latest rate rise ‘could light a rocket under UK housing market’

The US central bank has raised interest rates to the highest level in 22 years - even though inflation in that...

28 July 2023

From: Breaking News

Airbnb Regulation - councils should control short lets, agents tell government

The letting agents’ trade body ARLA Propertymark is urging the government to regulate Airbnb and other short let platforms but to...

25 July 2023

From: Breaking News

Agency issues guide for ‘responsible’ holiday lettings

One of the largest vacation lettings agencies - Sykes Holiday Cottages - says a survey shows that two thirds of holiday...

27 June 2023

From: Breaking News

Shock interest rate decision by Bank of England

The Bank of England has announced its latest change in base rate, which is used by most lenders to determine interest...

22 June 2023

From: Breaking News

Four reasons why house prices won’t fall off a cliff - agent’s claim

A prominent lettings and sales agency says there are four reasons why house prices won’t fall off a cliff, despite interest...

22 June 2023

From: Breaking News

Lawyer hits out at court delays and growing anti-rental sentiment

A seasoned property lawyer who has specialised in residential landlord and tenant law for 22 years says she is embarrassed at...

16 June 2023

From: Breaking News

Short Lets Court Case - what next for regulation?

The leader of the council that was rebuffed by a court when it tried to control the spread of Airbnb-style short...

13 June 2023

From: Breaking News

Phil Spencer urges letting agents to go on the offensive

I was surprised the other day to read statistics from the English Housing Survey about how many landlords use letting agents. In...

05 June 2023

From: Breaking News

Government told - Stop the attacks on holiday lettings sector!

A holiday lettings agency has come out fighting on behalf of its clients. Following calls by local leaders in Cornwall and Devon...

26 May 2023

From: Breaking News

Large scale investors in optimistic mood despite volatile economy

Large portfolio professional landlords are in a confident mood, with the majority planning to acquire at least one new asset in...

25 May 2023

From: Breaking News

Interest Rates - Bank of England reveals latest decision

The Bank of England has announced its latest decision on base rate. This has been increased by 0.25 per cent to 4.5...

11 May 2023

From: Breaking News

No end in sight to supply drought in prime London

One of the high end lettings agencies dominating the prime London rental landscape says there’s no end in sight to the...

11 May 2023

From: Breaking News

Commercial property investment slumps as UK economy weakens

The scale of investment in UK commercial property has fallen in all sectors, new research suggests.  Sirius Property Finance has analysed UK...

02 May 2023

From: Breaking News

Anger over Airbnbs and holiday lets needing planning consent

The new trade body for short lets has reacted angrily to a government plan for AirBnb and other short let hosts...

13 April 2023

From: Breaking News

Analyst gives bleak warning about housing market

A prominent business analyst has given a bleak warning about the prospects for property investors and other home owners in 2023. Sarah...

06 April 2023

From: Breaking News

New powers confirmed over holiday lets and second homes

New powers have been revealed to tackle what the Welsh Government calls the ‘problem’ of second homes.  A statement from the Senedd...

05 April 2023

From: Breaking News

Short Let registration fee must be reasonable insists Airbnb

Airbnb says any new rules for short lets in Wales should protect hosts and the benefits they bring to the tourism...

31 March 2023

From: Breaking News

BBC probe shows scale of rental stock supply shortage

An investigation by the BBC and Zoopla shows the sharp drop in the volume of available rental units in the past...

30 March 2023

From: Breaking News

Airbnb host register hailed as “fantastic step forward”

A proposal to introduce a national register of Airbnb hosts in a bid to curb rowdy behaviour by guests has been...

29 March 2023

From: Breaking News

Agents react to Bank of England interest rate decision

The Bank of England has raised base rate by 0.25 per cent to 4.25 per cent - the highest level since...

24 March 2023

From: Breaking News

Shelter angry at Hunt’s ‘nothing about housing’ Budget

Campaigning charity Shelter is angry with Chancellor Jeremy Hunt over his Budget  While most in the property industry have expressed relief that there...

16 March 2023

From: Breaking News

Tax incentives for rental sector - top agent’s plea to Chancellor

A prominent agent and former RICS residential chairman has made an impassioned plea to the government to help the private rental...

14 March 2023

From: Breaking News

Tenant demand still on the rise as RICS calls for Budget help

The latest market snapshot from the Royal Institution for Chartered Surveyors - out today - shows tenant demand continuing to increase...

09 March 2023

From: Breaking News

Political wannabes wrong to blame holiday lets, claims top agent

A prominent lettings agent has criticised leading candidates for the leadership of the Scottish National Party for anti-holiday let policies. David Alexander,...

03 March 2023

From: Breaking News

Reverse anti-landlord policies, top agency tells government

A lettings agency says it’s vital that the government reconsiders the new laws and regulations seen as attacking landlords. The Leaders Romans...

23 February 2023

From: Breaking News

No blanket licensing required for short lets - Propertymark

Licensing for Airbnbs and similar short lets should be targeted in priority areas only and not the subject of blanket rules. That’s...

22 February 2023

From: Breaking News

More interest rate rises to come, warn experts

There are more Bank of England base rates to come, a group of property finance industry experts has warned.  Personal finance comparison...

20 February 2023

From: Breaking News

Airbnbs and Holiday Lets give huge cash boost to communities - claim

The growth of the short term rentals sector has helped create an economy featuring jobs that benefit local communities and fit...

14 February 2023

From: Breaking News

Business Rates shock for holiday let owners - warning

The Valuation Office Agency has issued a reminder that changes to eligibility rules for self-catering properties will come into effect from...

10 February 2023

From: Breaking News

Bank warns of 10 per cent fall in house prices this year

Spanish bank Santander says UK residential property prices look set to fall 10 per cent this year and will return to...

06 February 2023

From: Breaking News

Better-than-expected economic news sugars interest rate pill

The headlines from yesterday’s Bank of England announcement are dominated by the base rate rise, but there’s been some unexpected good...

03 February 2023

From: Breaking News

Private renting vital to economic and social fabric of UK - report

The private rented sector has an important economic and social role to play across the country, according to a new report...

02 February 2023

From: Breaking News

Tough times ahead warns auctioneer, despite record year

The UK’s largest property auctioneer is warning of tough times ahead despite a record number of sales in 2022. Auction House sold...

13 January 2023

From: Breaking News

Massive scale of Build To Rent revealed by top investor's figures

Legal & General Capital helped fund over 17,000 new homes last year across a range of tenures, chiefly Build To Rent.  Chief...

05 January 2023

From: Breaking News

New Eviction Ban Call - government under pressure from MPs

The government is under new pressure to introduce a last minute eviction ban to avoid private renters facing homelessness over Christmas. Liberal...

15 December 2022

From: Breaking News

Interest Rate Rise - more bad news expected

The Bank of England’s monetary policy committee meets again this week with a further interest rate rise likely if base rate...

12 December 2022

From: Breaking News

Funding for buy to let investment plummets as wider economy tanks

A new analysis claims to show how difficult it has become for buy to let investors to secure finance as a...

07 December 2022

From: Breaking News

Agents put Eco-improvements on ice thanks to economic woe

The volatile economy is forcing small agencies and other modest-sized businesses to put on hold millions of pounds of spending on...

06 December 2022

From: Breaking News

Short Lets trade body reveals its first chief executive

The UK Short Term Accommodation Association has named a new chief executive.  Andy Fenner will support STAA chairperson Merilee Karr and director...

02 December 2022

From: Breaking News

We want higher council tax for second homes, says lettings agency

A holiday lettings agency has taken the unusual step of speaking out in favour of higher council tax for second home...

21 November 2022

From: Breaking News

Savills adds to gloom with forecast of major price falls next year

Savills is the latest agency to suggest significant house price falls next year - although in its long-range forecast it says...

04 November 2022

From: Breaking News

Interest rates up as agent warns public to “wake up and smell the coffee”

The Bank of England has increased its base rate from 2.25 per cent to 3.0 per cent. This is the largest hike...

03 November 2022

From: Breaking News

Interest Rate Rise - lettings sector braced for bad news

There’s widespread concern that the Bank of England’s monetary policy committee, which meets tomorrow, is to unveil a 0.75 per cent...

02 November 2022

From: Breaking News

Down They Go - House prices to drop to mid-2021 levels says agency

Knight Frank says it expects house prices to drop in the coming year - but only to those levels seen in...

31 October 2022

From: Breaking News

Agents welcome Hunt tax change - but who knows what’s coming?

Propertymark’s chief executive Nathan Emerson has welcomed the dramatic government U-turn on taxes - but most importantly has retained the stamp...

18 October 2022

From: Breaking News

London rentals market - prime areas boom, commuter belt slows

Prime London rental growth reached 14.0 per cent in the year to the end of September according to Savills, but the...

03 October 2022

From: Breaking News

On The Move? OnTheMarket PropTech partnership with moving service

Part of the rebranded OnTheMarket suite of PropTech products has announced another partnership, this time to help home movers. Teclet - now...

26 September 2022

From: Breaking News

Stamp Duty Cuts take effect immediately

Chancellor Kwasi Kwarteng has announced that stamp duty will be cut.  In future there will be no stamp duty on the first...

23 September 2022

From: Breaking News

Interest rate rise announced by the Bank of England

The Monetary Policy Committee of the Bank of England has agreed to raise interest rates by 0.5 per cent to 2.25...

22 September 2022

From: Breaking News

Interest Rate Rises and Tax Cuts - a crunch week ahead

This is a crunch week for the UK economy - and likely the housing market too - with a meeting of...

20 September 2022

From: Breaking News

Prominent Truss-backer speaks out against rent controls

A prominent supporter of new Prime Minister Liz Truss has spoken out against rent controls.  Veteran Conservative MP Sir John Redwood, who...

08 September 2022

From: Breaking News

RICS issues forecast for rent rise in 2023

The latest lettings market snapshot from the Royal Institution of Chartered Surveyors suggests tenant demand is rising further with a net...

08 September 2022

From: Breaking News

PropTech chief invests in ground-breaking private rental fund

A high profile PropTech entrepreneur is amongst a series of investors linked to a new fund, launched today, cashing in on...

01 September 2022

From: Breaking News

Agency says rising numbers of landlords taking rent insurance

An increasing number of landlord clients are taking out rent insurance according to an online lettings platform. In the first quarter of...

19 August 2022

From: Breaking News

Airbnb to spend £500,000 promoting visits to key UK region

Airbnb has outlined plans to invest £500,000 to “preserve and showcase the West Midlands' cultural assets and boost tourism in the...

11 August 2022

From: Breaking News

Prime London lettings market some way from normality, admits agency

Knight Frank has made a candid observation about the prime London lettings market, saying it remains “a long way from normality.”  While...

10 August 2022

From: Breaking News

Agent slams ‘pie in the sky’ idea for private tenant Right To Buy

A recent suggestion by the Joseph Rowntree Foundation charity, for government help to allow private tenants to buy their landlords’ homes,...

08 August 2022

From: Breaking News

Shock for lettings and sales markets as big interest rate rise announced

The Bank of England's Monetary Policy Committee has announced that base rate is rising from 1.25 to 1.75 per cent. The rate is now...

04 August 2022

From: Breaking News

PropTech required to slash risk of fraud, letting agents told

Letting agents have been told they must have the right technology to reduce the risk of fraud. Olly Thornton-Berry, co-founder of risk...

09 June 2022

From: Breaking News

MP says Airbnb glut contributing to “devastation” of city

A Labour MP says a surge in the number of stag and hen parties in her constituency - undertaken by people...

16 May 2022

From: Breaking News

Airbnb giving vouchers to encourage more short lets in key cities

Airbnb is giving away £100 vouchers to anyone in the UK who shifts into the short lets sector for the first...

29 April 2022

From: Breaking News

Generation Rent claims economy stacked against private tenants

The leader of the Generation Rent campaign group has accused Chancellor Rishi Sunak of “stacking the economy against private renters who...

28 March 2022

From: Breaking News

Property Tax Hikes: Agents slam politicians for failing to understand effect

ARLA Propertymark has slammed politicians who appear to have ignored a public consultation and gone ahead with draconian changes affecting second...

08 March 2022

From: Breaking News

Huge rise in guarantors as Covid rattles lettings market

The number of prospective tenants asked to provide guarantors ahead of renting has risen by a huge 36 per cent over...

14 February 2022

From: Breaking News

Holiday lets firm says tourist areas need more affordable homes

A major holiday let company in one of the country’s prime tourist destinations says more affordable homes should be built to...

09 February 2022

From: Breaking News

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