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Renting in New York City: ‘There are horror stories but I found it

Details: Knight Frank data released in June 2022 shows that New York leads their Prime Global Rental Price Index, with rents rising 38.5 per cent in the year to Q1 2022, easily outpacing London into second place. While agents admit that much of this represents a return to pre-Covid levels, across all price points, stock levels remain low. According the

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Rents rising again

Details: This is the fifth consecutive month of rising prices for rental homes in England, following a slight cooling over winter months. Average prices in June, however, were still below the record breaking highs recorded in September 2021, when prices hit £1,104 per property.

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White Paper fall-out

Details: The Fairer Rental Sector White Paper proposes the abolition of Section 21 evictions, as well as the removal of the blanket bans on renting with pets and to those with children or on benefits, and doubling notice periods for rent increases. All properties will also, eventually, have to abide by a Decent Homes Standard.

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Rental hotspots: ten areas with the biggest rent rises

Details: Areas that have seen the biggest rent rises over the past year include city suburbs, commuter towns and coastal locations. Rochdale, Greater Manchester, and Folkestone, in Kent, have seen asking rents jump by more than 25%, while Farnham, Altrincham and Sevenoaks have seen hikes of almost 20% in a year. Rob Cuffe, Director at Philip James in

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Prime London rental values see strongest annual growth in over …

Details: Rental growth continues to roar ahead across London, according to the latest prime rental indices from property firm Savills, underscoring the strongly recovering demand for accommodation in the UK capital in a still stock constrained market. …

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New lettings chief announced for famous high-end agency chain

Details: Prime lettings agent John D Wood & Co has announced its new head of lettings. It’s Tanya Hasking who is currently director of corporate and relocation services at the agency.

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London rents now rising as rapidly as they fell in early 2021

Details: Dec 21, 2021. Rents in London are now rising as steeply as they were falling at the start of the year according to Knight Frank. Rental value growth in prime central London and prime outer London was 5.3% and 5.1% respectively in the three months to November. For PCL it is the highest figure since September 2010, a time when the rental market

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Rent inflation at the highest level for 14 years, says Zoopla

Details: Rental demand is strongest in Scotland, Wales and London, with demand levels more than 65 per cent above the five-year average. London’s market is also one of the most constrained when it comes to stock levels, with homes available to rent at just over half the 5-year average, creating the conditions for the sharp rises in rents.

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Rental Reform aimed mostly at north of England, government …

Details: This would suggest the debate over the private rental sector could rumble on towards or even beyond the next General Election, scheduled for 2024. Labour has taken up the issue of a lack of clarity on timing. Labour’s London Assembly housing spokesperson, Sem Moema, says: “After three years of inexplicable delay, it is positive that the

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Which type of rented properties require fire doors

Details: At least one working smoke alarm on each floor of a rental property ; A carbon monoxide alarm in all rooms that have a solid fuel-burning appliance (e.g. coal fire or wood-burning stove) Every alarm must be checked at the start of each new tenancy to make sure it’s working – and get your tenants to sign a document (possibly on the inventory

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Rightmove’s new HQ is start of hybrid working initiative

Details: Rightmove’s Landlord and Tenant Services division is moving to a new headquarters. It’s 110 staff will shift from Killingworth to Quorum Park in Newcastle as part of a five-year deal which will accommodate its employees who will …

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Feature: How can property developers capitalise on the growth of …

Details: By Will Parry, CEO of ALTIDO. There’s no denying that the short-term rental landscape has shifted in recent years. After what can only be described as a turbulent period for the industry (international tourism arrivals are still yet to fully recover after dropping by 70% in Europe in 2020), many asset owners have found themselves adapting their strategies and …

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Rent controls would prompt switch to Airbnb

Details: That’s the warning from property website Home, which gives a monthly snapshot of the rental and sales markets. The latest report from the website speaks of “an unprecedented decline in available rental stock on the market” from around 120,000 properties available for renting in February 2019 to scarcely 50,000 now, February 2022.

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John Lewis unveils first locations for its built-to-rent homes

Details: The John Lewis Partnership has revealed the first three locations in Britain where the retailer plans to debut its new rental properties. The three proposed sites include buildings over Waitrose shops in Bromley and West Ealing in Greater London, as well as replacing a vacant John Lewis warehouse in Mill Lane, Reading.

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Aviva Investors & Packaged Living to develop 195 energy-efficient

Details: It is the first investment made since the two firms announced a partnership (‘The Partnership’) in November 2021, which will create a single-family rental platform of suburban properties across the UK, increasing the supply of affordable homes whilst also supporting the transition towards a low-carbon future.

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London lettings market rapidly reversing losses of the Covid years

Details: Mar 18, 2022. Rental portal Rentd says the pandemic-long decline in the London rental market is now “reversing at speed”. Rental values are climbing annually across 42 per cent of London boroughs, while tenant demand has increased across every London borough since this time last year. With the current average rent sitting at £1,597 across

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More choosing to rent long-term

Details: A specialist rental platform says its research shows a growing number of people intentionally renting long-term. Ocasa says the reason is the high entry cost into the UK housing market for buyers, who typically require £41,765 for a 15 per cent deposit which is the average required to secure an attractive mortgage rate.

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Agency makes its third acquisition in just 15 months

Details: The independent Harpenden-based Home County Sales & Lettings has just been acquired by Ashtons, the company’s third acquisition in just 15 months.

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Reform is “a dark day for private rental sector” says Propertymark

Details: “This is a dark day for Scotland’s private rented sector with long-term outcomes that are likely to prove extremely damaging for the sector. “Deterring more private landlords from making their properties available for rent due to the elevated risks associated with gaining possession will do nothing to ensure a sufficient supply of homes, meaning less choice for …

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Renting in Berlin: how living in the German capital compares to …

Details: R. enting a home in Berlin is very different to renting in London. For a start, this is a property market with very few owner-occupiers. Around 85 per cent of Berliners choose to rent — in London that figure is under 50 per cent — and protection for tenants is strong.

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Scottish plans may stop landlords repossessing properties if rent …

Details: The rental market will be ‘irreparably damaged’ by proposed new laws in Scotland that extend pandemic protection measures for tenants, campaigners for landlords have warned. The new laws are currently only being proposed in Scotland, but experts claim that the rest of Britain will be watching the changes closely, particularly if landlords

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Government delays Rental Reform White Paper until 2022

Details: The Department of Levelling Up, Housing and Communities says the long-awaited Rental Reform White Paper will now not be published until next year. It had long been stated by the Ministry that the White Paper would come out “this autumn” but now contributors to the preparation of the document have been told that the extra time will give the

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CHL Mortgages launches Buy-To-Let refurbishment range

Details: The first two products are designed to increase the future asset/rental value of the property, with the latter a Green Mortgage option which is specifically designed to improve the energy efficiency of the property. The range is available to individuals and limited companies and is applicable on standard buy-to-let properties, small houses in

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Homebuyers can take a tour of new properties in Newbury at …

Details: David Wilson Homes is inviting property seekers to an exclusive open house event at Newbury Racecourse on Thursday 7 th July, where guests can take a tour of the latest properties whilst enjoying the races.. Available at David Wilson Homes’ development on Home Straight is a variety of two to five bedroom homes set amongst the exciting and picturesque …

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Comment: ‘Rental reforms must make it harder for landlords to

Details: While changes outlined in the rental reform white paper, published this month, don’t specifically address identity and discrimination, there is reason to hope that the better regulation of landlords and more secure tenancies outlined in it will make it harder to enact prejudice — overtly or not. Article Source

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Modest rally driven by PRC tenants

Details: The characteristics of Mainland rental demand became apparent in the second quarter as new builds and high-end renovations proved attractive while traditional core locations and sweeping city or harbour views also appealed, according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q2 2022.

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Study reveals best place for student accommodation investment

Details: May 18, 2022. London comes out on top for the highest estimated yearly rental market for student landlords with approximately £2,6 billion. The study found that Belfast’s population is 22.1 per cent students, and the student landlord market in Belfast brings in approximately £1.8 billion every year. The made Belfast the second most

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‘I will never go back’: two renters tell us how renting in Lisbon

Details: HousingAnywhere, Europe’s largest rental accommodation website, reported in their International Rent Index for Q1 2022 that the average monthly price of a furnished one-bedroom apartment in Lisbon was €1,296, a 17 per cent year on year increase. For comparison, similar properties cost €1,978 in Paris and €1,940 in London.

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RedCat Pub Company and its subsidiary, The Coaching Inn Group, …

Details: International real estate advisor Savills, on behalf of private individuals, has completed the sale of Forest Park Hotel, Brockenhurst, to The Coaching Inn Group, a subsidiary of RedCat Pub Company, an investment vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, for an undisclosed figure.

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Biggest ever Build To Rent study claims sector is not over-priced

Details: Over four in 10 residents in both the BTR and full private rental sectors are 25 to 34 years old. Only one in 10 BTR resident is over 45. James Simondson, assistant director (housing) at the British Property Federation, comments, “BTR homes – high-quality, professionally managed, purpose-built homes for private rent – are being taken up

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Savills signs association agreement with SUPPA in the Baltics

Details: Prime London rental values see strongest annual growth in over 20 years. Jul 5, 2022 UK Home Search. Savills . RedCat Pub Company and its subsidiary, The Coaching Inn Group, acquire Forest Park Hotel in Brockenhurst. Jul 5, 2022 UK Home Search. Leave a Reply Cancel reply. Your email address will not be published.

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Lloyds/John Lewis/Countryside: the build-to-rent market has …

Details: Britain’s private rental market was once a byword for slum landlords. But it is now attracting some of the best-known companies. Lloyds Bank and John Lewis are the latest examples, joining the likes of Legal & General and M&G. In another sign of growing popularity, FTSE 250 housebuilder Countryside announced plans on Wednesday to focus its sales on …

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Growth in Prime Central London continues steady recovery, but is …

Details: Growth in prime central London reached +0.7% on the quarter and +3.3% on the year, the highest annual growth seen since September 2014 However, recovery has been held back due to stalled return of foreign investors and the war on Ukraine

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Savills Middle East strengthens Cost Management offering by …

Details: Justin Ng, who joins the larger Building and Project Consultancy team, will oversee projects in the UAE and help identify new growth opportunities in the

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Leading Tory hits back at demands for rent controls

Details: Welsh Labour policy threatens a state-sanctioned rent increase which could make the Welsh rental market unbearable for thousands of families across Wales. Advertisement “Rent controls have been proven time and time again to not only be ineffective at combatting the issue of affordability, but to have actually been detrimental to the housing

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UK Home Search Property News

Details: ‘One of England’s most treasured and historic buildings’ in North Yorkshire is up for sale for the first time in nearly 100 years Renting in New York City: ‘There are horror stories but I found it easier to find a home in Manhattan than London’ White Paper fall-out – private rental sector set to contract Agency makes its third acquisition in just 15 months How I bought a …

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Is rental reform a distraction from government failures elsewhere

Details: Neil Cobbold, managing director of automated rental payment service PayProp UK, comments: “The industry certainly welcomes the greater levels of clarity. But the White Paper is only the first step, as the White Paper’s purpose is only to inform the Renters’ Reform Bill, which would in the normal run of events face a potentially tricky

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Reform Timetable needed to stop uncertainty says leading …

Details: A prominent lettings industry supplier says uncertainty over the details and timescales to implement rental reforms will dog the sector for some time to come. Nick Lyons, chief executive of inventory supplier No Letting Go, says he welcomes the release of the Fairer Private Rented Sector White Paper but cautions that its proposals are subject

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