Now is the time for new landlords to let
The continued lack of new properties coupled with high demand from tenants suggests now is a good time for first-time landlords to come forward. A lack of new properties to let has put pressure on prospective renters, according to the Royal Institute of Chartered Surveyors (RICS). Tenant demand for rental properties picked up over the […]
A strong desire to continue working from home
Most employees who are working from their own properties or rental homes would prefer to continue to do so, even when offices reopen. According to respondents in the third round of a joint research conducted by Nyenrode Business University, Open University and Moneypenny, this number totals some 97 per cent. According to the study nine per […]
Norwich is in the top 10 places for holiday let mortgages
Sales of holiday homes near the coast have surged over the past six months with more people than ever applying for holiday let mortgages. According to figures released by mortgage lender Hodge, Norwich comes fifth in the top 10 list of areas for holiday lets, beaten only by Truro, Plymouth, Llandudno and Exeter. Popular for […]
Number of prospective tenants still rising
High numbers of prospective tenants are still registering with lettings agencies in a bid to find themselves new rental homes. ARLA Propertymark’s February Private Rented Sector Report has revealed there is no sign of demand slowing down in the rental market. The number of new prospective tenants registered per branch rose slightly from 81 in […]
Norwich – A Happy Place
Norwich has been ranked fifth in a list of the most family-friendly places to live in the UK. Research conducted by online retailer Play Like Mum, looked at the places those with young children might consider moving to in the country. Among the factors considered were the cost of childcare, percentage of outstanding schools, recorded […]
Rents and house prices expected to continue to grow
Increasing demand, together with the continued shortage of homes, means rents and house prices are still rising, according to the Royal Institution of Chartered Surveyors (RICS). A regular survey by RICS revealed an increase in tenant demand in the three months to February and an expectation that rents will rise over the coming year in […]
Hope for a stamp duty holiday extension
Most people in the UK are hoping to hear that the current stamp duty holiday will be extended by Chancellor Rishi Sunak in next week’s budget, according to recent research. The reduction in the rate of stamp duty to zero per cent for all properties valued at £500,000 has been credited as being instrumental in keeping the […]
Build-to-rent housing supply increases
The number of completed build-to-rent homes increased in 2020, with the East of England seeing particularly high growth in future supply, despite the Covid-19 pandemic. Research published by the British Property Federation (BPF) shows the number of completed build-to-rent homes increased by 23 per cent in 2020. When looking at government EPC data on total […]
High tenant demand
Tenant demand reached a five-year high during the final quarter of 2020, research conducted on behalf of Paragon Bank has revealed. Nearly a third (32 per cent) of landlords reported increasing levels of tenant demand during the final three months of the year, the highest level since early 2016. The figure was up from 29 […]
Mirroring lettings process could help with conveyancing
Elements of the way agents let homes should be implemented by those selling properties, according to estate agency platform Gazeal. The antiquated conveyancing system could be more effective if it mirrored some of the best practice from the lettings process, it has stated. The digital platform says that the additional pressure on the conveyancing process […]