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News related to rental market

Low housing supply in the US squeezing affordability
2015-03-31 13:43:52 [Europe]
Rental affordability is as bad as it's ever been across the United States, in part because there are not enough new, affordable homes to meet demand, new research suggests.Read full article: [Low housing supply in the US squeezing affordability]
 
Duty for UK lettings agents to publicise fees welcomed
2015-03-30 08:45:56 [Europe]
Measures which impose a duty on UK lettings agents to publicise fees both on websites and in branches have been welcomed by a leading industry organisation.Read full article: [Duty for UK lettings agents to publicise fees welcomed]
 
UK residential landlords see lowest void periods for 13 years
2015-03-27 07:06:32 [Europe]
The average annual void period for residential landlords in the UK has dropped to its lowest level since 2002, new research shows.Read full article: [UK residential landlords see lowest void periods for 13 years]
 
New accreditation standard for London lettings hailed a success
2015-03-26 11:09:08 [Europe]
More than 115,000 rented homes across London are now badged under the Mayor's Rental Standard accreditation system launched last year to improve the experience of landlords and tenants.Read full article: [New accreditation standard for London lettings hailed a success]
 
Residential rents in Scotland rising at slowest pace for over two years
2015-03-25 15:11:01 [Europe]
Scottish rents have increased by just 1.1% in the year to February 2015, their slowest pace for over two years, according to the latest buy to let index.Read full article: [Residential rents in Scotland rising at slowest pace for over two years]
 
Vast majority of UK tenants don’t think they can afford to buy
2015-03-25 07:12:29 [Europe]
Over 90% of tenants in the UK don’t think they will be able to afford a property as rents continue to escalate and property prices stay firmly out of their reach.Read full article: [Vast majority of UK tenants don’t think they can afford to buy]
 
New tenants in UK facing higher rents as demand increases
2015-03-24 15:06:30 [Europe]
There is an increase in demand for property in the UK private rental sector with new tenants seeing a rise in monthly rents from a third of lettings agents.Read full article: [New tenants in UK facing higher rents as demand increases]
 
Seven out of 12 UK regions see rental growth, but not London
2015-03-23 10:12:24 [Europe]
After a period of rent price rises in London outstripping the rest of the UK, the disparity between the growth rate of the London and nationwide rental markets is beginning to narrow, the latest index shows.Read full article: [Seven out of 12 UK regions see rental growth, but not London]
 
Survey reveals gifts landlords give to tenants
2015-03-23 09:16:28 [Europe]
Bad news stories tend to dominate the headlines when it comes to relationships between tenants and landlords in the UK but new research reveals that the relationship is often much more convivial.
Read full article: [Survey reveals gifts landlords give to tenants]
 
Gap between residential rents and income widens in the US
2015-03-20 09:10:23 [North America]
The gap between rental costs and household income is widening to unsustainable levels in many parts of the United States and the situation could worsen unless new home construction meaningfully rises, it is claimed.Read full article: [Gap between residential rents and income widens in the US]
 
England and Wales see fastest annual residential rent rises since May 2013
2015-03-20 08:36:38 [Europe]
Average residential rents in England and Wales increased by 3.1% year on year to stand at £766 in February 2015, the fastest annual rise since May 2013.Read full article: [England and Wales see fastest annual residential rent rises since May 2013]
 
Most UK regions see a rise in residential rents
2015-03-18 06:22:26 [Europe]
UK new tenancy rents have increased by 1.7% in the last year taking the average monthly amount to £876, according to the latest data to be published.Read full article: [Most UK regions see a rise in residential rents]
 
UK govt announces new measures for residential lettings sector
2015-03-17 13:26:17 [Europe]
New measures are being introduced in the UK that will create a bigger, better private rented sector for tenants and landlords aimed at getting rid of rogue operators.Read full article: [UK govt announces new measures for residential lettings sector]
 
UK govt moves to end blanket licensing of landlords by councils
2015-03-16 08:20:26 [Europe]
Local councils in England will no longer be able to licence landlords across a whole area without government approval, it has been confirmed.Read full article: [UK govt moves to end blanket licensing of landlords by councils]
 
Smoke and carbon monoxide alarms to be legal requirement in rental properties
2015-03-12 10:28:54 [Europe]
Landlords in the UK will be required by law to install working smoke and carbon monoxide alarms in their properties from October 2015, it has been announced.Read full article: [Smoke and carbon monoxide alarms to be legal requirement in rental properties]
 
Sales transactions down while lettings thrive in prime London property market
2015-03-10 08:11:42 [Europe]
Sales in London’s prime property market have continued to fall for the second month in a row in 2015, with transactions down 22% year on year.Read full article: [Sales transactions down while lettings thrive in prime London property market]
 
Many UK tenants feel they are ripped off by landlords and agents
2015-03-10 07:43:48 [Europe]
Private rental sector tenants in the UK feel they are being ripped off by landlords and agents, especially on fees at the start of a tenancy, new research suggests.Read full article: [Many UK tenants feel they are ripped off by landlords and agents]
 
UK govt plans could prevent selective landlord licensing by councils
2015-03-09 11:42:44 [Europe]
Councils in the UK could be prevented from introducing selective licensing for private sector landlords unless there are specific reasons for doing so.Read full article: [UK govt plans could prevent selective landlord licensing by councils]
 
Prime rental London market sees values continue to rise
2015-03-04 06:18:39 [Europe]
Rental values in the prime central London property market continued their recovery in February, recording their twelfth consecutive month without a decline, the latest research shows.Read full article: [Prime rental London market sees values continue to rise]
 
House prices rise in Portugal for first time in five years
2015-03-03 12:39:58 [Europe]
House prices in Portugal increased in January as the country’s economy expands and the unemployment rate falls, according to the latest monthly market survey from the Royal Institution of Chartered Surveyors.Read full article: [House prices rise in Portugal for first time in five years]
 
Rate of home ownership in England at lowest level for 30 years
2015-03-03 08:49:26 [Europe]
After rising almost continuously over the course of the twentieth century, the rate of home ownership in England has been declining steadily since 2003, the annual housing survey shows.Read full article: [Rate of home ownership in England at lowest level for 30 years]
 
UK rental market returns to growth, latest rental index shows
2015-02-27 07:45:32 [Europe]
Residential rents for new tenancies in the UK increased by 2.5% during first month of the year, according to the latest figures to be published.Read full article: [UK rental market returns to growth, latest rental index shows]
 
PRS issues further guidance on unfair lettings agent fees in UK
2015-02-27 07:30:05 [Europe]
The Property Redress Scheme (PRS) has issued further guidance on unfair fees being charged by letting agents in the UK.Read full article: [PRS issues further guidance on unfair lettings agent fees in UK]
 
Rents in Scotland up 1.3% in last 12 months, latest index shows
2015-02-25 07:11:27 [Europe]
Residential rents in Scotland have increased by 1.3% in the last 12 months, just half the pace of rent growth in England and Wales, according to the latest sector index.Read full article: [Rents in Scotland up 1.3% in last 12 months, latest index shows]
 
Research shows some UK tenants resort to paying for repairs
2015-02-24 09:29:08 [Europe]
Some two thirds of tenants in the UK have had to dip into their own pockets to fund repairs because they could not wait for the landlord any longer, it is claimed.Read full article: [Research shows some UK tenants resort to paying for repairs]
 
US residential rents up 3.3% overall but some areas seeing higher growth
2015-02-23 13:37:20 [North America]
Median residential rents in the United States continued rising nationwide in January, with rental appreciation in some small and even struggling housing markets catching up to the country's hottest areas.Read full article: [US residential rents up 3.3% overall but some areas seeing higher growth]
 
Quarter of UK lettings agents report higher rents in first month of 2015
2015-02-23 09:15:15 [Europe]
One in four letting agents in the UK have seen private sector rents rise at the beginning of 2015, according to the first of a new monthly report from the Association of Residential Letting Agents (ARLA).Read full article: [Quarter of UK lettings agents report higher rents in first month of 2015]
 
Rents in England and Wales up almost 3% in last 12 months
2015-02-20 11:23:51 [Europe]
Residential rents in England and Wales increased by 2.8% in the last year to an average of £763 and are now 16% higher than in 2010, according to the latest rental index to be published.
Read full article: [Rents in England and Wales up almost 3% in last 12 months]
 
UK landlords becoming more competitive for sought after student market
2015-02-18 12:57:43 [Europe]
With more students in the UK living in privately owned hall style accommodation, landlords in the sector are having to compete more to attract them as tenants, new research has found.
Read full article: [UK landlords becoming more competitive for sought after student market]
 
UK private rented sector index shows marginal hardening in yields
2015-02-18 09:22:20 [Europe]
Total returns from private rented sector investment grade blocks in the UK slipped towards the end of 2014, according to the latest sector index.Read full article: [UK private rented sector index shows marginal hardening in yields]
 
Rents increase in UK as demand outstrips supply
2015-02-13 07:30:06 [Europe]
The average UK rent is now £836 per calendar month, an increase of 2% year on year as demand, especially for quality homes outstrips supply.Read full article: [Rents increase in UK as demand outstrips supply]
 
Prime central London rental market set for a boost in 2015
2015-02-12 08:08:27 [Europe]
Rental prices in the prime central London property market are set to grow 2.5% this year with the overall sector remaining robust despite uncertainty in the sales market, it is claimed.Read full article: [Prime central London rental market set for a boost in 2015]
 
CML warns Scottish Govt that rent controls could have adverse effects
2015-02-09 09:31:37 [Europe]
Proposals by the Scottish Government to introduce new rules for the private rented sector could have a negative impact on buy to let lending, according to the Council of Mortgage Lenders.Read full article: [CML warns Scottish Govt that rent controls could have adverse effects]
 
Warning over use of photos in tenancy disputes
2015-02-09 08:51:30 [Europe]
The use of technology in inventories appears to save time and money, but UK lettings agents and landlords are being warned that in reality it is not full proof.
Read full article: [Warning over use of photos in tenancy disputes]
 
Prime central London transactions slowing but prices remain stable
2015-02-05 10:02:31 [Europe]
The introduction of a new stamp duty propertytax structure in December, the forthcoming general election and the spectre of a mansion tax have created a level of uncertainty within the UK’s prime property market, it is claimed.Read full article: [Prime central London transactions slowing but prices remain stable]
 
Rental redress scheme in UK sees increasing number of complaints
2015-02-04 06:35:54 [Europe]
The UK’s Property Redress Scheme (PRS) is seeing an increasing number of consumer complaints being made against lettings, property management and estate agents who are membersRead full article: [Rental redress scheme in UK sees increasing number of complaints]
 
Rental home loan deposit scheme for certain employees in UK widened
2015-02-03 15:01:56 [Europe]
The UK government has announced wide support for a new rental deposit loan scheme that will become available to thousands of potential tenants.Read full article: [Rental home loan deposit scheme for certain employees in UK widened]
 
Private rents up an average of 1.7% in 2014 in Britain, official data shows
2015-02-02 08:22:39 [Europe]
Private rental prices paid by tenants in Britain rose by 1.7% in the 12 months to December 2014, according to official figures from the Office of National Statistics.Read full article: [Private rents up an average of 1.7% in 2014 in Britain, official data shows]
 
Rental market expected to be stronger than sales in some parts of London
2015-01-27 12:30:34 [Europe]
This year is expected to bring fewer sales and more letting transactions, with strong rental markets across London’s Midtown, City and Docklands, a new report suggests. Read full article: [Rental market expected to be stronger than sales in some parts of London]
 
Rent rises in Scotland tumbled during 2014, latest index shows
2015-01-21 07:26:03 [Europe]
The pace of annual rent growth in Scotland dropped by two thirds in 2014 with average rents now just 1.2% or £6 higher than a year ago, the latest index figures reveal.Read full article: [Rent rises in Scotland tumbled during 2014, latest index shows]
 
Landlords warned not to rely on good capital gains in UK buy to let sector
2015-01-21 07:19:54 [Europe]
Landlords’ confidence in capital gains has almost trebled over the last two years, according to the leading landlord association in the UK.Read full article: [Landlords warned not to rely on good capital gains in UK buy to let sector]
 
Multi freehold blocks provide highest gross yields in UK for landlords
2015-01-20 09:02:52 [Europe]
Multi-unit freehold blocks have overtaken houses in multiple occupation and now provide UK landlords with the highest gross yield at 9.3%, new figures for the fourth quarter of 2014 show.Read full article: [Multi freehold blocks provide highest gross yields in UK for landlords]
 
Lettings annual review reveals UK rental hotspots
2015-01-19 11:31:22 [Europe]
Leicester, Southall and Cambridge have been identified as UK lettings hotspots with average rents in 2014 some 45%, 38% and 24% higher, respectively, than 2013.Read full article: [Lettings annual review reveals UK rental hotspots]
 
Rents in England and Wales up by 3% in 2014, latest index shows
2015-01-16 03:34:33 [Europe]
Rents in England and Wales increased by 3% over the course of 2014, despite falling on a monthly basis between November and December, the latest index data shows.Read full article: [Rents in England and Wales up by 3% in 2014, latest index shows]
 
Prime central London rental values flat for second month in a row
2015-01-15 09:12:04 [Europe]
Rental values in prime central London were flat for the second consecutive month in December as a seasonal year end slowdown and the impact of global economic uncertainty dampened demand.Read full article: [Prime central London rental values flat for second month in a row]
 
Tenant finances getting worse in the UK private rented sector
2015-01-07 16:37:23 [Europe]
Tenants in the UK have felt a financial setback with the number falling into serious rental arrears rising on an annual basis for the first time since 2012, according to the latest tenant arrears tracker report.Read full article: [Tenant finances getting worse in the UK private rented sector]
 
Average city rents up almost 5% in the US in 2014
2015-01-05 15:26:02 [North America]
Americans paid out $20.6 billion more in rent in 2014 compared to 2013 as nationally average rents in cities increased during the year, new data shows.
Read full article: [Average city rents up almost 5% in the US in 2014]
 
Fair compensation calculations needed for good lettings relationship
2015-01-05 09:13:16 [Europe]
Calculating the right compensation charges at the end of tenancies is the holy grail of lettings and getting it wrong can lead to unnecessary disputes with tenants, it is claimed.Read full article: [Fair compensation calculations needed for good lettings relationship]
 
Scottish residential tenants are generally happy with the PRS property mark
2015-01-02 14:00:53 [Europe]
Over 35% of tenants in Scotland have lived in their current home for longer than a year with 10% living longer than three years, a new survey has found.Read full article: [Scottish residential tenants are generally happy with the PRS property mark]
 
UK has more part time landlords but many not aware of the rules
2014-12-26 09:47:10 [Europe]
One in 20 people in the UK rents out a property to supplement their main income, receiving £678 in rent each month on average but many are unaware of the regulations, new research shows.Read full article: [UK has more part time landlords but many not aware of the rules]
 



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