Those renting from the local authority typically stay in one home for 13.4 years, an increase of 8.94% from 2010-11 (12.3 years). Meanwhile, the average tenancy length of those renting from a housing association has increased by 7.55%, from 10.6 to 11.4 years. How can a landlord end a ...
The increase in rental costs, which has been most sharply felt in London, has combined with low supply; some landlords have left the market because of increased red tape and higher borrowing costs, which they have in some cases been passing on to tenants. Jason Coombes, valuer at Cottons C...
According to a report by Bowmore Financial Planning, 2023 saw a 13% increase in people taking out mortgages with terms longer than 30 years. This is a likely impact of the rising cost in monthly payments caused by the rate increases seen over 2022 and 2023. While rates do now seem to ...
Government proposes to shake up the holiday rentals property market Save April 21 2023 Q&AProperty sector Is the holiday lets boom over? Under government proposals, short-let landlords would need planning permission Save April 12 2023 Your QuestionsLucy Warwick-Ching Can I get compensation from ...
Betterhomes reported slower rent increases last year, compared to 2023, as an indicator that the sector is stabilising after a whirlwind period post Covid. The agency also noted that following completions of just 27k in 2024, it expects the market to absorb a staggering 163k new housing units...
Arthur Chen, a graduate student in London, is one of many tenants who have faced a steep increase in rent during the past two years, despite official statistics from the ONS showing that private rental prices in the UK have only risen by 5 percent this year. "There is a sharp contrast ...
rent escalator/review provisions will be banned with rent increases being limited to once a year via the section 13 process which is currently used when a fixed term has ended and gives the tenant a right to apply to the First Tier Tribunal to challenge a proposed increase. The concern...
Published: June 05, 2023 Report Code: GDTT10895DB-ST Share Report Overview Table of Contents Table Figures UK Car Rentals Market Overview Annual revenue from the business and leisure car rental (Self-drive) market in United Kingdom is valued at GBP 1,251.94 million and GBP 1,017.16...
Where to Rent The UK’s happiest place where house prices are cheaper than the national average by Seamus Doherty Property Reporter January 14, 2025 The latest research by eXp UK, the platform for personal estate agents and estate agency businesses, has revealed that North Kesteven is the...
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