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KEYWORD "Slump" - 55 RESULTS
Foxtons To Be Sold? Media speculation grows

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the...

15 April 2024

From: Breaking News

Agency warns of 10% rent slump as supply shows sharp rise

Latest data from agency Chestertons reveals a 125 per cent increase in the number of landlords choosing to reduce asking rents...

13 March 2024

From: Breaking News

Buy To Let lending for older landlords falls off a cliff

New figures from lenders trade body UK Finance show a massive fall in buy to let loans for those aged 55...

20 February 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

01 February 2024

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

Winkworth slump would be still worse without lettings growth

Lettings income has saved the bacon of franchise agency Winkworth after a sales slump hit profits.  A trading statement from the agency...

07 September 2023

From: Breaking News

Prime London lettings stay strong as sales market slumps

Annual rental growth in July was 9.1 per cent across prime London according to LonRes.   This figure took rents to 28.4 per...

18 August 2023

From: Breaking News

Agency’s shock figures over collapsing sales market

A prominent lettings and sales agency says there’s been a dramatic 54 per cent slump in sales this year.  Research from Barrows...

07 July 2023

From: Breaking News

New lets slump a quarter in a year, claims LonRes

The latest lettings market snapshot produced by London-focussed property data firm LonRes shows little change in the supply-constrained rental sector. However, figures...

14 June 2023

From: Breaking News

Stamp Duty Surcharge triggers long-term slump in off-plan sales

Off-plan new build properties - at one time a solid favourite amongst landlords - are now falling out of favour with...

23 May 2023

From: Breaking News

Buy To Let mortgage slump as less affluent landlords stay away

Just as transactions in the mainstream market ramp up for spring and summer, so enquiries about buy to let mortgages have...

10 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

Winkworth posts weak results despite robust lettings market

Winkworth has told its shareholders that the weak figures posted for 2022 are actually in line with management expectations. The franchise giant...

20 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

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

Lettings growth is bright spot for agency after big profits fall

Pre-tax profits for Connells Group have plummeted from £111.3m in 2021 to £67.5m last year - but its lettings division has...

02 March 2023

From: Breaking News

Lettings key to agents’ survival if sales slump in 2023

Data from the mortgage lenders’ trade body UK Finance shows the wisdom of agents having a lettings division. The body says: “We...

14 December 2022

From: Breaking News

Franchise veteran issues warning on future of lettings market

Winkworth’s latest figures to shareholders show that sales revenues have slumped badly - but lettings have boomed for the moment at...

08 September 2022

From: Breaking News

Purplebricks sets date for possible lettings crisis showdown

Purplebricks has set a date for a possible showdown with shareholders over the agency’s lettings compliance crisis amongst other controverisies.  It has...

16 August 2022

From: Breaking News

Connells ignores lettings in terse statement revealing revenue slump

Connells makes no reference about its lettings division in a terse statement about its business performance in the first half of...

08 August 2022

From: Breaking News

Omicron worries make tenants stay put - demand has slumped

There’s been a slump in demand for rental properties as a result of tenants staying put in the latter part of...

07 January 2022

From: Breaking News

Revealed - where Build To Rent is threatening Buy To Let

The Build to Rent market remains small in volume but it is making some inroads, leading to BTR rent rises predominantly...

18 May 2021

From: Breaking News

Covid issues hit leading agency group’s lettings revenue

One of the country’s largest lettings operations has outlined the challenges it faced during the Coronavirus crisis. LSL Property Services’ latest trading statement...

29 April 2021

From: Breaking News

10% slump in student properties let, admits leading sector player

One of Britain’s largest purpose built student accommodation providers says there’s been a 10 per cent slump in the number of...

23 November 2020

From: Breaking News

Agency says London market and rents hit badly by student slump

Coronavirus lockdowns and travel restrictions imposed by the UK and other governments have hit the London rental market badly, an agency...

22 July 2020

From: Breaking News

Short Lets trade body recruits 14 new members despite virus battering

The new trade body for companies working in the beleaguered short lets sector has recruited 14 new member firms - although...

30 April 2020

From: Breaking News

Countrywide urges switch of student accommodation to mainstream rentals

The commercial arm of Countrywide is urging landlords currently facing huge void periods because students have been ordered home, to reconfigure...

07 April 2020

From: Breaking News

Confidence in lettings sector plummets to all-time low amongst landlords

Landlords’ confidence in their lettings business has slumped to an all-time low, according to research by the National Landlords Association. In a...

12 November 2019

From: Breaking News

Void periods on the rise as market slumps in September

A rental market slump in September has led to a rise in average void periods across many parts of England and...

03 October 2019

From: Breaking News

Huge rent rises in London should be no surprise, says market monitor

Greater London rents have risen an average of four per cent in the past year - but some boroughs performing above-average...

13 September 2019

From: Breaking News

Lettings market slumping according to board company data

The latest data from the Agency Express Property Activity Index, looking at the market’s performance in June, has revealed year on...

29 July 2019

From: Breaking News

£2m of new acquisition deals to come, says franchise giant Belvoir

Belvoir, the UK's largest property franchise, says its trading during the first quarter of this year suggests it’s outperforming its expectation...

17 May 2019

From: Breaking News

Meagre rent rises remain well below general inflation rate

Rental growth remains in positive territory - just - but on average it’s still well below the general level of inflation...

09 April 2019

From: Breaking News

Buoyant - the description of the lettings market from Agency Express

The latest data from Agency Express shows what the company calls “buoyant figures” for the UK lettings market in October.  Following a...

19 November 2018

From: Breaking News

Big slump in take-up of prime central London lets, admits agency

The take up of new rental tenancies across prime central London decreased by no less than 12.7 per cent in the...

16 November 2018

From: Breaking News

Prime Central London lettings transactions slump 15% says JLL

The number of lettings transactions in Prime Central London in the second quarter of this year slumped 15 per cent compared...

25 July 2018

From: Breaking News

Huge slump in stock to let in prime central London says Knight Frank

There’s been a huge 15 per cent slump in the number of properties to let in prime central London over the...

04 June 2018

From: Breaking News

Alarm bells ring as ARLA warns of London rental supply slump

The number of properties available to rent in London is now 46 per cent below the national average according to ARLA...

01 March 2018

From: Breaking News

Net buy to let investment slumps 80 per cent in two years - claim

Net buy to let investment has fallen 80 per cent in the past two years, a mortgage lenders’ group claims.  The Intermediary...

07 February 2018

From: Breaking News

Scottish rents slump in General Election build-up says Your Move

Rents in Scotland dropped 2.3 per cent on average in the month leading up to the General Election according to Your...

30 June 2017

From: Breaking News

Website claims 11.6% drop in available letting stock since 2011

The UK rental market has seen a slump of 11.6 per cent in available stock over the last six years, according...

22 June 2017

From: Breaking News

Massive slump in buy to let lending since stamp duty surcharge

Mortgage lending for the buy to let sector has halved since the introduction of the stamp duty surcharge in April 2016 according...

18 May 2017

From: Breaking News

Now the prime London sales slump is leading to lower rents, too

The dramatic slump in the prime central London sales market is now leading to a reduction in rents being achieved in...

07 December 2016

From: Breaking News

Buy to let mortgage lending slumps thanks to tax changes

Buy to let lending is well down according to data from the Council of Mortgage Lenders.    Apparently contrary to an optimistic report...

13 October 2016

From: Breaking News

Bank issues dire warning about buy to let market and house prices

Deutsche Bank has issued a dire warning about the buy to let market in the UK, along with a broadside warning...

20 June 2016

From: Breaking News

Landlords favouring HMOs to benefit from 'higher yields'

Landlords are increasingly favouring Houses in Multiple Occupation (HMO) and more 'complex property types' due to the often higher yields available.  Mortgages...

02 June 2016

From: Breaking News

Drop-off in buy to let investors leads to slump in mortgage approvals

The approaching of the April 1 stamp duty surcharge deadline led to a severe drop-off in buy to let purchasers seeking...

27 April 2016

From: Breaking News

Countrywide to buy more independent agencies despite profits slump

Countrywide chief executive Alison Platt has confirmed to Letting Agent Today that her group’s strategy of acquiring independent letting agencies continues...

26 February 2016

From: Breaking News

Chinese economic woes could damage UK student lettings, agent warns

Economic uncertainty in China could spill over to cause problems for the student letting sector in the UK, an agent is...

16 February 2016

From: Breaking News

Buy to let market will dip despite recent mortgage surge, warns Hometrack

Buy To Let mortgage lending grew 17 per cent in 2015 but faces a potential slump after April, according to property...

05 January 2016

From: Breaking News

Two in five letting agents say rental supply set to slump by 2020

Forty per cent of letting agents are predicting supply will decrease over the next five years – the highest rate this...

24 December 2015

From: Breaking News

Buy to let market to slump in 2016 and 2017, mortgage lenders predict

The Council of Mortgage Lenders is warning of a possible slump for the buy to let market in the next two...

18 December 2015

From: Breaking News

Another Bank of England hint that buy to let mortgages will get tougher

The Bank of England Governor Mark Carney is the latest influential figure to hint that there may soon be additional restrictions...

17 December 2015

From: Breaking News

Booming lettings business the only bright light for Countrywide

Countrywide may have been criticised by some for recent management and strategy changes but one thing appears to have been proven...

05 November 2015

From: Breaking News

PCL rents up 7.4% in a year despite demand slump

Rents in Prime Central London have risen 7.4 per cent over the course of the past year despite being unbchanged for...

07 May 2015

From: Breaking News

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