Rental and housing markets remain strong
The UK rental market continues to see a growth in tenant demand and house sales have remained strong for the past month. The October 2020, RICS (Royal Institute of Chartered Surveyors) Residential Market Survey reported expectations for rental growth remain positive over the near term for most parts of the country. In terms of sales, […]
Property and construction businesses to stay open
Those seeking to let or rent homes over the coming weeks can be reassured they can continue to do so during lockdown. Landlords having building work carried out or planning to have work down will also be allowed to do so under the new rules. Although there has been no official full announcement yet, it […]
Calls for support for landlords and tenants
The National Residential Landlords Association (NRLA) has renewed calls for a financial support package for landlords and tenants. The calls come in the wake of the Chancellor’s announcement on furlough schemes in local lockdown areas. Ben Beadle, chief executive of NRLA says: “The local furlough payments are not going to be enough to help renters who […]
Increased demand from tenants
Demand from people across the country seeking rental properties has further increased, according to the August 2020 RICS UK Residential Survey. The research has also revealed that homes close to green open spaces and with private gardens are expected to become more desirable than ever following the global Covid-19. According to the survey, the pandemic […]
Electrical safety guidance
The UK government has released guidance this month on the electrical safety standards in the Private Rented Sector (England) Regulations 2020. There are three sets of guidance with separate versions released for landlords, tenants, and local authorities in England. Private landlords must ensure: *National standards for electrical safety are met. *The electrical installations in their rented properties are inspected and tested […]
Many tenants are now less keen to buy
Tenants are less likely to be looking to step on to the property ladder because of the overall impact of the coronavirus, recent research has revealed. A new Aviva study shows the number of under-25s expecting to move from rental homes to step on to the property ladder in the next five years has decreased from 35 […]
Movement in the rental market
Anyone in England can now move home if they follow new guidance published by Robert Jenrick, secretary of state for housing, communities and local government. Since lockdown restrictions were implemented in March, more than 450,000 people have been unable to progress their plans to move house. All buyers and renters will now be able to complete purchases and […]
Call to increase Local Housing Allowance
The National Residential Landlords Association has welcomed calls from the Mayor of London, Sadiq Khan, to ensure the benefits system offers tenants help with private rents. Ben Beadle, chief executive of the National Residential Landlords Association, says recent polling has indicated that just two per cent of private tenants have had to stop paying rent […]
A positive outlook for new homes
he number of new homes registered to be built per annum in the UK has risen by more than 80 per cent over the last decade. According to annual new homes statistics from NHBC, a warranty and insurance provider for UK new home building, some 1.4 million new homes were registered to be built across the […]
Increase in Property Listings and Sales
Renewed optimism from buyers and sellers saw a continued pick-up in sales activity across the UK housing market, according to the January 2020 RICS UK Residential Market Survey. Landlords thinking of buying or selling will be interested to note the number of sales agreed and amount of new homes being listed for sale has improved over the […]