London’s soaring rents now swallow up 35 per cent of tenants’ salaries October 23, 2023 More than a third of Londoners’ average pay went towards paying rent last year, according to the latest government figures, as tenants face a crisis in the capital. Data released by the Office for National Statistics on Monday showed that London was the least affordable region in the UK in which to rent, with an [...]
Parliament urged to back renters reform bill amid fears landlord MPs could rebel October 22, 2023 Parliament has been urged to support the Renters Reform Bill which would end no-fault evictions despite fears landlord MPs could rebel against the legislation. Some MPs who own rental properties say they will be among landlords leaving the market due to what they call an “unconservative” policy on Section 21, according to the Telegraph. But [...]
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.
House prices: October bump the worst since the height of the financial crisis October 16, 2023 House price behaviour is back where it was in the height of the financial crisis, with the "key selling season" of October failing to give prices liftoff.
40 per cent of adults struggle to pay rent October 15, 2023 40 per cent of adults are finding it difficult to pay rent or mortgage payments, an increase of 10 per cent from last years' report.
Starmer promises to get ‘tough’ with MPs who block new homes plans October 11, 2023 Keir Starmer said he would get “tough” with Labour MPs who stand in the way of his plans to rip through planning red tape to build homes.
Labour to strengthen workers’ rights ‘within first 100 days’, Rayner says October 8, 2023 Labour will implement plans to bolster workers’ rights within 100 days of taking office, Angela Rayner said today.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
London house prices are falling – these are the boroughs where prices are down the most September 19, 2023 London’s housing market is gearing up for “key selling season” with a reduction in prices, before an uptick in activity is anticipated during the autumn months. Fresh data in Rightmove’s House Price Index shows there has been an overall monthly seller asking price rise by 0.4 per cent this month, which is 0.2 percent lower [...]
London rent crisis spirals as almost half of UK landlords tried to sell up in last year September 12, 2023 Almost half of UK landlords have tried to sell their property in the last 12 months, as owners look to rid themselves of mortgage pressures in a worrying blow for renters. In a survey which quizzed both landlords and estate agents – conducted by lettings platform Goodlord – some 77.5 per cent of respondents in [...]