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House seller gains slip below £100k as price growth weakens

House sellers in England and Wales saw their average profit slip below £100,000 last year, down from a record high in 2022, research reveals.
According to Hamptons, the average household sold their home for £91,820 more than they paid

Letting agents express concerns over the Renters’ Rights Bill

Anxiety over the Renters’ Rights Bill is mounting among property agents as it reaches its Report Stage in the House of Commons this week, Propertymark says.
The professional body found that 50% of agents are concerned about the bill’s poten…

Landlords warned of fake payslip scam

Landlords in London are being warned by the National Residential Landlords Association (NRLA) to thoroughly vet tenant documents after a series of forged payslips were presented to them.
Would-be scammers have submitted fake payslips and employment co…

Short-term lets not to blame for Scotland’s housing crisis

Short-term lets should not be blamed for the housing crisis in Scotland, according to new research.
Data by BiGGAR Economics reveals that short-term lets boost Scotland’s economy by £154m Gross Value Added (GVA) per year, supporting 5,580 jobs in Edin…

Renters’ Rights Bill comes back to Parliament – start the clock!

Like the proverbial bad penny, the unwelcome return of the Renters’ Rights Bill to Parliament next week is not to be celebrated.
The countdown to the doom of the private rented sector will begin in earnest and we’ll see which amendments loo…

January sales: One third of homes have prices cut

An analysis of more than 322,000 homes currently listed for sale found that 113,612 properties have seen the asking price being reduced – that’s around 35% of the market.
The findings from eXp UK, the platform for personal estate agents

Scottish housing market ends 2024 with modest growth

Scotland’s housing market ended 2024 with a quiet finish, experiencing a modest recovery throughout the year.
Data from chartered surveyors Walker Fraser Steele shows that while prices reached record highs in some areas, overall growth remained s…

Threat of eviction could curb anti-social behaviour in social housing, says MP

Social housing tenants who engage in anti-social behaviour (ASB) should face the threat of eviction, claims MP.
Lee Anderson, Reform MP for Ashfield, told a Westminster Hall debate the threat of eviction could transform offenders into good social hous…

London room rents fall as the market stabilises

Rents for rooms in London have fallen for the fourth consecutive quarter in Q4 2024, according to the latest SpareRoom rental index.
This marks the largest drop in the capital’s rents since Q1 2021.
The average room rent in London fell by 2% in …

Block buildings insurance voided by insurer?

Hello everyone, a few months ago, my ground floor rental flat (part of a block of 6 flats) was extensively damaged and rendered uninhabitable by water escape from 2 flats above.
All 6 flats (including mine) are covered under the same buildings insuranc…

Selective licensing schemes fail to improve standards and burden landlords with high costs

Selective licensing schemes do not raise standards and cost landlords thousands of pounds, claims Yuno.
The property compliance firm reveals 37 local authorities across England currently have a consultation on selective licensing.
The prices for a sel…

2025: The year for cladding compensation

Despite the government setting new targets to fix unsafe cladding by 2029, thousands of innocent leaseholders still remain trapped in unsafe buildings, one campaign group says.
The Labour government last year promised change to speed up the cladding re…

Big lettings agency partners with flatfair to offer no deposit rentals

The Sheldon Bosley Knight Group (SBK) has announced a strategic partnership with flatfair, a leading provider of ‘No Deposit’ rental solutions.
The tie-up will enable multiple SBK brands, including Loveitts, to offer flatfair’s product across it…

Professional landlords diversified portfolios in 2024 – Shawbrook

Professional landlords shifted focus last year to higher-yielding property types, including semi-commercial and commercial, while refinancing activity reflects a cautious approach to debt management, an analysis by Shawbrook reveals.
It found that whil…

Landlords are optimistic about 2025 as yields rise – Fleet

Landlords in England and Wales have a positive outlook for the private rented sector, one index reveals.
The rental barometer published by Fleet Mortgages points to rising rental yields with the average yield reaching 7.4% in the fourth quarter of 2024…

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