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News related to rental market

Compulsory redress schemes for UK letting and property management agents confirmed
2014-04-18 08:10:58 [Europe]
All letting and property management agents in the UK will be required to join an approved redress scheme later this year under new plans announced by Housing Minister Kris Hopkins.Read full article: [Compulsory redress schemes for UK letting and property management agents confirmed]
 
UK set to become more like Europe in terms of renting homes, new research suggests
2014-04-18 08:04:01 [Europe]
One in five of 23 to 27 year olds in the UK have no desire to own a home, suggesting that the country will become a nation of renters within the next generation, according to a new report.Read full article: [UK set to become more like Europe in terms of renting homes, new research suggests]
 
More Rent to Build projects announced by UK housing minister
2014-04-16 14:37:12 [Europe]
The second phase of the UK’s Build to Rent scheme is set to deliver up to 6,500 new home for private rent in England, housing minister Kris Hopkins has announcedRead full article: [More Rent to Build projects announced by UK housing minister]
 
Rent rises in the UK set to be overtaken by wage growth this summer, report suggests
2014-04-10 12:42:52 [Europe]
Rent rises in the UK will be overtaken by wage growth in 2014, while disposable income for those in the private rented sector is set to grow for the first whole year since the financial crisis, according to a new report.Read full article: [Rent rises in the UK set to be overtaken by wage growth this summer, report suggests]
 
Landlords buoyed by 35% annual drop in number of tenants in severe arrears
2014-04-04 08:35:42 [Europe]
Cases of tenants in the UK’s private rent sector falling severely behind on rent have decreased by 35% in the last 12 months, new research shows.Read full article: [Landlords buoyed by 35% annual drop in number of tenants in severe arrears]
 
Gap between renting and buying costs closing in US cities
2014-04-01 15:19:16 [North America]
The gap between renting and buying is narrowing across cities in the United States but home ownership is still 38% cheaper than renting and will be until interest rates reach 10.6%, new research shows.Read full article: [Gap between renting and buying costs closing in US cities]
 
Global prime property rents up 4.8% in 2013, led by Nairobi and Dubai
2014-04-01 10:50:02 [Global News]
Rents in global prime property markets increased by 4.8% in 2013 with Nairobi seeing the strongest rate of growth in annual terms at 26%, according to the latest index from Knight Frank.Read full article: [Global prime property rents up 4.8% in 2013, led by Nairobi and Dubai]
 
Rents in London’s prime rental sector up slightly by 0.1% in first quarter of 2014
2014-03-26 13:48:27 [Europe]
Prime rents in London increased modestly by 0.1% in the first quarter of 2014, in contrast to the small falls seen in rents at the end of 2013, according to a new report.Read full article: [Rents in London’s prime rental sector up slightly by 0.1% in first quarter of 2014]
 
Research signals the end of the reluctant landlord
2014-03-24 12:25:44 [Europe]
A rise in property sales in the UK is leading to a reduction in potential rentals which could mean the end of the reluctant landlord, according to lettings agents.Read full article: [Research signals the end of the reluctant landlord]
 
Rents in England and Wales rise for first time since October
2014-03-21 16:06:44 [Europe]
Rents across England and Wales increased by 1.6% in the 12 months to February, the first month on month rise since October 2013, taking the average rent to £743 a month.Read full article: [Rents in England and Wales rise for first time since October]
 
Landlord confidence in UK triples in last 12 months
2014-03-19 10:48:40 [Europe]
Landlords’ confidence in the UK’s financial markets has tripled over the last year, according to research from the National Landlords Association (NLA).Read full article: [Landlord confidence in UK triples in last 12 months]
 
Advertised rents up across most of the UK, latest index shows
2014-03-18 14:46:11 [Europe]
Overall advertised rents in the UK reached their highest level since the third quarter of 2012 with nine out of 11 regions seeing growth, according to the latest rental index.Read full article: [Advertised rents up across most of the UK, latest index shows]
 
Owning a home costs less than renting in the UK, says leading lender
2014-03-18 09:01:41 [Europe]
The cost of owning a home in the UK is now on average £124 per month or £1,488 a year lower than renting, according to new research from the HalifaxRead full article: [Owning a home costs less than renting in the UK, says leading lender]
 
Mayor calls for institutional investors for build to rent schemes in London
2014-03-14 12:27:57 [Europe]
Institutional investors such as pension funds and insurance companies are being sought to get involved in building thousands of new homes to rent in London.Read full article: [Mayor calls for institutional investors for build to rent schemes in London]
 
UK landlords have small portfolios and tend to live near their investments
2014-03-10 15:54:46 [Europe]
Some 56% of landlords in the UK live within 10 miles of their rental property and they often have small portfolios with only 6% owning more than one, new research shows.Read full article: [UK landlords have small portfolios and tend to live near their investments]
 
Calls for streamlined eviction process for UK buy to let landlords
2014-03-10 11:08:04 [Europe]
A swifter and more streamlined eviction process in the buy to let sector in the UK would encourage more landlords to enter the market and provide a greater choice of properties for reliable tenants looking for private rental accommodation, it is claimed.Read full article: [Calls for streamlined eviction process for UK buy to let landlords]
 
Sales and lettings markets in prime central London remain strong
2014-03-07 15:43:41 [Europe]
Demand for homes in central London is resilient with both sales and lettings continuing to thrive, according to Strutt & Parker’s latest London residential quarterly report.
Read full article: [Sales and lettings markets in prime central London remain strong]
 
Shortlist for round two of Build to Rent building fund in England announced
2014-03-06 12:38:07 [Europe]
Tenants in the UK are to get a greater choice of newly built homes to rent under plans announced by Housing Minister Kris Hopkins.Read full article: [Shortlist for round two of Build to Rent building fund in England announced]
 
Landlords and lettings agent reminded of health and safety obligations
2014-03-04 13:29:37 [Europe]
Landlords and lettings agents are being urged not to put tenants’ lives at risk by disregarding important health and safety issues.Read full article: [Landlords and lettings agent reminded of health and safety obligations]
 
Home ownership in England and Wales falls to lowest level for 25 years
2014-02-28 14:38:14 [Europe]
Home ownership in England has fallen to its lowest level in 25 years with figures for 2012/2013 showing that the number of owner occupiers has dropped to 65.2% compared with 71% a decade before.Read full article: [Home ownership in England and Wales falls to lowest level for 25 years]
 
Renting a rural property in Scotland not as expensive as many think, research suggests
2014-02-27 10:51:21 [Europe]
Despite a widely held perception that rural rents in Scotland tend to be more expensive, new research has found that the difference in cost with their urban equivalent is quite narrow.Read full article: [Renting a rural property in Scotland not as expensive as many think, research suggests]
 
Demand for rental properties in the UK soars 15% year on year
2014-02-26 15:52:10 [Europe]
New tenancies across the UK increased by 15% in the last 12 months while monthly rental prices rose by 8%, according to the latest index.Read full article: [Demand for rental properties in the UK soars 15% year on year]
 
Survey reveals confusion among tenants and landlords in the US over rental laws
2014-02-26 14:13:47 [North America]
Demand for residential rentals in the United States is strong but there is a great deal of confusion over existing rental laws among many landlords and tenants, a new survey has found.Read full article: [Survey reveals confusion among tenants and landlords in the US over rental laws]
 
Private rental sector to play a crucial role in providing much needed homes in the UK
2014-02-25 16:50:07 [Europe]
The private rented sector will be crucial in the UK’s recovery from the housing crisis and the build to rent sector is growing at a time when more rental properties are needed, a property industry conference has heard.Read full article: [Private rental sector to play a crucial role in providing much needed homes in the UK]
 
Rental yields for buy to let landlords in England and Wales remain high
2014-02-21 09:05:52 [Europe]
Landlords across England and Wales have seen returns eclipsed by those in London which have seen total annual returns of 14.6% in the 12 months to January 2014, up from 11.4% in the previous 12 months.
Read full article: [Rental yields for buy to let landlords in England and Wales remain high]
 
New buyers in the UK rent on average for seven years before buying, new research shows
2014-02-19 09:48:37 [Europe]
Home owners in the UK rent for an average of seven years, spending £41,900 on rental payments before buying their first property, according to new research.Read full article: [New buyers in the UK rent on average for seven years before buying, new research shows]
 
Average asking rents in the UK crept up in January
2014-02-14 10:17:03 [Europe]
Average advertised rents in the UK increased by 0.77% last month with Scotland seeing the biggest increase at 3.57%, taking the average monthly sum to £676, according to the latest index.Read full article: [Average asking rents in the UK crept up in January]
 
UK landlords concerned about proposed Immigration Bill responsibilities
2014-02-10 13:48:31 [Europe]
There is unease about the potential responsibilities for landlords outlined in the recent UK Immigration Bill, even among landlords with considerable experience in the sector, new research reveals.
Read full article: [UK landlords concerned about proposed Immigration Bill responsibilities]
 
Landlords warned about agents charging commission on management services
2014-02-04 14:32:22 [Europe]
Landlords are being warned to watch out for lettings agents who add costs to their maintenance invoices without making it clear what they are doing.Read full article: [Landlords warned about agents charging commission on management services]
 
Prime Home Counties rents down but demand remains strong
2014-02-04 10:47:34 [Europe]
Rents for prime property in the Home Counties in England fell by 2.2% in the final quarter of the year, taking the annual decline to 3.6%, according to the latest index from Knight Frank.Read full article: [Prime Home Counties rents down but demand remains strong]
 
Few UK residential tenants end up losing money from their deposit, survey finds
2014-01-31 09:29:39 [Europe]
Few tenants in the private rented sector in the UK end up having deposit deductions at the end of their tenancy, new research shows.Read full article: [Few UK residential tenants end up losing money from their deposit, survey finds]
 
Competition strong for apartments and family homes in prime central London
2014-01-30 13:38:23 [Europe]
Competition is strong for investment property in the prime central London property priced under £2 million, according to the latest analysis report from agents W. A. Ellis.Read full article: [Competition strong for apartments and family homes in prime central London]
 
Optimism in UK private rental sector with tenants likely to see rents rise
2014-01-30 12:25:26 [Europe]
Four in 10 landlords in the UK anticipate they will raise rents in the next year, with tenants likely to face rise of an average of 3.7%, according to the latest LSL landlord sentiment survey.Read full article: [Optimism in UK private rental sector with tenants likely to see rents rise]
 
National rental prices up across the UK, latest index shows
2014-01-27 09:20:05 [Europe]
National monthly rents in the UK increased 8% annually in December to £763, in spite of a seasonal dip of 2% on month, the latest rental index shows.Read full article: [National rental prices up across the UK, latest index shows]
 
UK residential rental market saw strong growth in 2013, latest quarterly report shows
2014-01-24 09:45:09 [Europe]
The UK residential rental market ended 2013 strongly with the average asking rent peaking at £986 per month in November at a time when rents typically dip due to the beginning of the festive season, the latest index shows.Read full article: [UK residential rental market saw strong growth in 2013, latest quarterly report shows]
 
Prime rents up marginally in London in 2013 but expected to rise more from 2016 onwards
2014-01-22 12:47:21 [Europe]
Prime rental values across prime London saw a marginal increase of 0.5% over 2013, reflecting an increase in available stock rather than falling demand, a new report suggests.Read full article: [Prime rents up marginally in London in 2013 but expected to rise more from 2016 onwards]
 
Rent rises in England and Wales halved during 2013, latest index shows
2014-01-17 13:48:18 [Europe]
Annual rent rises in England and Wales increased by 1.5% in 2013 but this is half the amount they increased by in 2012, according to the latest buy to let index published today (Friday 17 January).Read full article: [Rent rises in England and Wales halved during 2013, latest index shows]
 
Business group calls for more to be done to boost the UK rental market
2014-01-17 10:47:28 [Europe]
A generation of renters in the UK could be left behind as the housing debate focuses on home ownership, according to the Confederation of British Industry (CBI) which has called for action to boost investment in the rental sector.Read full article: [Business group calls for more to be done to boost the UK rental market]
 
Average monthly rents in UK up 2% in 2013, latest research reveals
2014-01-16 18:05:32 [Europe]
Average monthly rents in the UK increased by 2% during 2013 at a time when demand for rental accommodation increased 6% more than supply, the latest rental index shows.Read full article: [Average monthly rents in UK up 2% in 2013, latest research reveals]
 
UK landlords facing rent arrears and bad tenants, lettings agents warn
2014-01-16 09:17:14 [Europe]
Almost a third of landlords in the UK have experienced rent arrears over the last six months and over 40% believe they are likely to face rent arrears in 2014, according to new research.Read full article: [UK landlords facing rent arrears and bad tenants, lettings agents warn]
 
Number of tenants in severe arrears up at end of 2013
2014-01-14 17:11:46 [Europe]
The number of private residential property tenants in severe arrears in the UK in the last quarter of 2013 increased by 3.4% on a quarterly basis, but it was still the second best quarter for tenant financed in two years.Read full article: [Number of tenants in severe arrears up at end of 2013]
 
Private rental sector in the UK set to grow in 2014
2014-01-10 10:22:48 [Europe]
The number of people choosing to rent property in the UK rather than buy a home in 2014 will drive up demand in the rental sector, it is claimed.Read full article: [Private rental sector in the UK set to grow in 2014]
 
UK landlords expecting a buoyant 2014, survey finds
2014-01-08 10:00:25 [Europe]
Over half of landlords in the UK expect tenant demand to increase in 2014 with four in 10 reporting growth in the last six months, a new survey shows.Read full article: [UK landlords expecting a buoyant 2014, survey finds]
 
London residential rental gap widens
2014-01-07 10:30:36 [Europe]
The rental price gap in London is getting greater with a £4,411 difference in asking rents across the capital between the cheapest and the most expensive properties, new research shows.
Read full article: [London residential rental gap widens]
 
More foreign buy to let buyers in the UK real estate market
2014-01-07 09:21:05 [Europe]
The number of foreign landlords investing in UK property has now passed the two million mark, according to new research.Read full article: [More foreign buy to let buyers in the UK real estate market]
 
UK landlords expecting a buoyant 2014, survey finds
2014-01-06 11:06:28 [Europe]
Over half of landlords in the UK expect tenant demand to increase in 2014 with four in 10 reporting growth in the last six months, a new survey shows.Read full article: [UK landlords expecting a buoyant 2014, survey finds]
 
Buying an average two bed house is cheaper than renting, new research finds
2013-12-30 17:30:25 [Europe]

The buyer of an average two bedroom home in England and Wales would need a £32,400 or 24% deposit to make the monthly costs of owning lower than renting despite the lowest interest rates on record, according to new research.

Read full article: [Buying an average two bed house is cheaper than renting, new research finds]
 
Lettings agents and landlords warned about the cost of damp and mould in rental properties
2013-12-27 09:37:12 [Europe]

Landlords and lettings agents in the UK that ignore tenant complaints about damp and mould, could lead to personal injury claims and even  hefty fines of up to £5,000, it is claimed.

Read full article: [Lettings agents and landlords warned about the cost of damp and mould in rental properties]
 
New rental law sets out higher increases in Dubai
2013-12-24 14:00:47 [Middle East]

Residential rents in Dubai look set to increase in 2014 with new laws giving landlords the right to increase rents by up to 20% in some circumstances.

Read full article: [New rental law sets out higher increases in Dubai]
 
National residential rent growth outperforms London, latest data shows
2013-12-24 10:31:52 [Europe]

Monthly rents have increased across the UK with the national year on year rise of 10% outperforming London which saw annual growth of 6% last month compared with a year ago, the latest index shows.

Read full article: [National residential rent growth outperforms London, latest data shows]
 



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