Increased rent arrears threshold and protected 12-month tenancy …
WEB10 hours ago — Details include all measures named in the Bill - including the grounds for possession, rent increases, periodic tenancies and more - and plans to introduce a new Private Rented Sector Database.. The government says parts of the Bill aim to 'protect tenants from section 21 evictions' by abolishing this grounds for possession: the full table of grounds for possession and the notice periods ...
Property sales predictions for 2024 | Property Reporter
WEBDec 14, 2023 — The key to a better economy and property market in 2024 will be what happens to inflation. The news that CPI-linked inflation has dropped to 4.6% in October is very good news for the property market and we are already seeing some reductions in mortgage rates, which is excellent news for would-be movers. So far in Q4 at LRG we are seeing supply ...
Over half of landlords and agents feel pessimistic about PRS
WEB10 hours ago — More than half of letting agents - 54% - now feel pessimistic about the PRS, the lowest rate in the history of the report. The sentiment amongst landlords is even worse, with 75% feeling pessimistic about the PRS, and half of those saying they were “very pessimistic”. Despite the financial pressures many are facing, tenants were the least ...
Gap between asking and sold prices narrows - Property Reporter
WEBJan 18, 2024 — Across the UK, the average sold price in Q3 2023 stood at £289,907, -21.2% below the average asking price of £367,694. While this remains a significant gap, it is the first time the gap has narrowed rather than expanded since Q4 2022. In London, the gap between asking price and sold price sits at -21.9% having also narrowed for the first time ...
Housing supply and demand rebalancing following ... - Property …
WEBMar 21, 2024 — Housing supply and demand rebalancing following surge of new properties hitting the market. The average volume of properties in England listed for sale month-on-month saw a 58% rise in 2023 compared to 2022.
About Us - Property Reporter
WEBSep 18, 2024 — About Us. Born in May 2012, Property Reporter is an online news service for the UK property industry, reaching over 37,000 industry individuals every day through our website and daily newsletters. Our readers are a mixture of landlords, letting agents, investors and other property professionals from across all sectors of the housing industry ...
What lies ahead for UK real estate in 2024? - Property Reporter
WEBNov 29, 2023 — It's reassuring to note that as we enter 2024, there is a noticeably more stable outlook for inflation compared to what we were faced with at the beginning of 2023. Buy-to-let market. Whilst buy-to-let investors are benefitting from double-digit increases in rents across the UK, the costs to many private landlords from higher interest rates and ...
New home sales hit £3.4bn in 2021 | Property Reporter
WEBJan 4, 2022 — New home sales hit £3.4bn in 2021. 8,714 new homes were sold across England and Wales in 2021, accounting for 1.8% of total market activity with a combined value just shy of £3.4bn - 2% of the total value of homes sold across the entire market, according to new data released by Warwick Estates.
Four things to watch for the UK property market in 2022
WEBJan 10, 2022 — The number of new prospective buyers in the UK in the final two months of 2021 was 63% higher than the average between 2015 and 2019. However, the third key thing to consider in 2022 is borrowing costs, which may cause demand to start fraying around the edges later this year. Normalising interest rates are a sign the economy is getting stronger ...
Confidence growing among buyers as stability returns to the …
WEBJan 24, 2024 — The latest research by London lettings and estate agent, Benham and Reeves, analysed the number of homes listed across the market and marked as sold subject to contract across England in Q4, or in other words, the homes that had already secured a buyer.
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