Scottish landlords exit as housing crisis deepens

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Scottish landlords are throwing in the towel and leaving the sector due to the impact of rent controls – and the prospect of permanent rent rise restrictions, warns one industry body.

The Scottish Association of Landlords (SAL) tells Property118 that Scotland is facing a housing crisis that will only get worse if landlords continue to leave.

View Full Article: Scottish landlords exit as housing crisis deepens

UK house prices to remain flat in 2024 – But 10 areas will see double-digit rises

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The UK’s housing market is forecast to experience a subdued year in 2024, with average house prices expected to decline slightly by -2.6%, a new analysis reveals.

The firm also says that its analysis shows that since the base rate was held at 5.25% in September 2023

View Full Article: UK house prices to remain flat in 2024 – But 10 areas will see double-digit rises

How many Lords will be ‘a leaping’ for the Renters (Reform) Bill?

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Now that the Renters (Reform) Bill is heading to the Lords, I’m struck by the lack of celebration by landlords everywhere. Not even our critics are happy – Shelter says it has ‘disowned’ the Bill.

It is nice to see the government tick off both sides of the debate with legislation that is literally a curate’s egg (apologies for the idiom overload

View Full Article: How many Lords will be ‘a leaping’ for the Renters (Reform) Bill?

Landlords welcome “great news” as clever selling strategies see an increase in profits

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As we enter into May, finally landlords have been met with some welcome news. It comes ahead of concerns in recent weeks that landlords could be facing “Armageddon” amidst a housing crisis, coupled with delays taking landlords up to two years to sell.

View Full Article: Landlords welcome “great news” as clever selling strategies see an increase in profits

Shelter calls for 90,000 affordable homes to rent to be built EVERY year

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Homelessness charity Shelter is calling for all political parties to commit to building 90,000 affordable social homes every year – with rents that are tied to local incomes.

It says the move will deliver a ‘lasting and ultimate solution to homelessness’.

View Full Article: Shelter calls for 90,000 affordable homes to rent to be built EVERY year

Letting agency’s entitlement to share of sale?

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Hi, my house has been let for several years to a tenant who has expressed an interest in buying it. I do not want to sell it at this moment in time and have advised them of this.

I am now changing letting agencies.

View Full Article: Letting agency’s entitlement to share of sale?

Propertymark unveils its housing plan for the next London mayor

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London’s next mayor will face huge pressure to address the capital’s housing crisis, according to Propertymark.

Today, voters will cast their votes for the next mayor and 25 Assembly members in a city with a population of more than nine million

View Full Article: Propertymark unveils its housing plan for the next London mayor

UK house price growth slows down – Nationwide

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UK house prices saw a slowdown in annual growth in April of just 0.6%, down from 1.6% in March, Nationwide reveals.

It also says that the month-on-month price fell 0.4% from March to April.

The slowdown in house prices is down to affordability issues

View Full Article: UK house price growth slows down – Nationwide

Year-on-year rents rise by 5.7% – voids remain stable

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Rents continued their upward trajectory in April, with the latest figures from Goodlord showing a year-on-year increase of nearly 6% in England.

The average monthly rent now stands at £1,166, marking a £63 rise compared to April 2023.

View Full Article: Year-on-year rents rise by 5.7% – voids remain stable

Permitted Development vs. Planning Permission: Which is right for you?

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Join Ranjan Bhattacharya, John Howard and Liana Wall as they delve into the pros and cons of both approaches, exploring the intricacies of permitted development rights and the traditional planning permission process.

From speed and cost considerations to limitations and potential pitfalls

View Full Article: Permitted Development vs. Planning Permission: Which is right for you?