Landlord News
16:40 PM, 30th April 2024, About 10 hours ago|
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Rents continued their upward trajectory in April, with the latest figures from Goodlord showing a year-on-year increase of nearly 6% in England.
The average monthly rent now stands at £1,166, marking a £63 rise compared to April 2023.
Renters in the South West saw the most significant year-on-year change, with rents jumping by 11%, while Greater London experienced the smallest increase at just 3%.
Month-on-month, rents in England rose by 0.6%, with the East Midlands record
There's a critical shortage of homes to rent across England, with less than half of those advertised being ready for tenants to move into, research reveals.
The findings from Zero Deposit highlight the imbalance between supply and demand and the urgent need for more landlords in the private rented sector (PRS).
The firm analysed nearly 128,000 listings and found that only 49% of rental properties are immediately available.
A further 16% are available within a month, while a
Last year saw the highest number of households being evicted due to Section 21 'no-fault' evictions since data collection began in 2018, Generation Rent says.
It is pointing at new government figures for England and says that when the House of Lords debate the Renters (Reform) Bill, protection for tenants from eviction must be strengthened.
The campaign group estimates that abolishing Section 21 last year could have prevented homelessness for 10,000 households that were evicted
The buy to let market in Southern England has hit a significant milestone, with the proportion of investment properties purchased in the region reaching a record low in 2023, Paragon Bank reveals.
It says the trend is down to the Stamp Duty surcharge being introduced for additional properties in 2016....
The UK’s rental market continues to face a significant supply shortage, and despite recent signs of improvement 50,000 homes are needed to bring supply back to pre-pandemic levels, Rightmove says.
While average advertised rents have hit record highs...
Nearly half of all private renters in the UK would be lost if they faced problems with their landlord or letting agent, according to a survey.
The findings from the TDS Charitable Foundation, which polled more than 2,000 renters...
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