John Lewis: Losses triple at retail giant’s property start-up Property Losses tripled at the property start-up owned by retail giant John Lewis during its latest financial year despite its income shooting up, it has been revealed. BTR (Operating) Limited has posted a pre-tax loss of £406,000 for the 12 months to 25 January, 2025, new accounts filed with Companies House show. The latest figure comes [...]
Purplebricks boss: Rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’ Property The rental market is "completely broken" and is a "disaster for first-time buyers", the boss of Purplebricks has said.
UK’s biggest residential landlord praises government’s new Renters’ Rights Bill Property The UK’s largest listed residential landlord Grainger has praised the government’s new Renters’ Rights Bill, which was presented in Parliament on Wednesday. If approved, the bill would introduce a range of measures aimed at balancing the scales between tenants and landlords, as the government pledges to “clean up the mess” left in the rental market by [...]
Why London’s wealthiest are shelling out up to £40,000 a month to rent prime property August 28, 2024 It might seem counter-productive to spend tens-of-thousands of pounds on something you won’t see any return on, but that’s exactly what’s happening in London’s super-prime lettings market at the moment. Properties can range from £5,000 per month to something closer to £40,000, with lettings more often than not arranged off-market. For wealthy families unsure if [...]
Hold the champagne, the housing market upturn is meaningless without rental reform August 21, 2024 The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO Sam Mitchell.
King’s Speech: From no-fault evictions to having a pet, here’s what Labour’s Renters’ Reform Bill will do July 17, 2024 Labour’s Renters’ Reform Bill will introduce significant changes to rented housing in England and Wales, including on no-fault evictions and having a pet. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including “ending no-fault evictions and reforming grounds for possession”, King Charles said. The bill started life under [...]
Confidence in UK property market starts to dip ahead of election June 13, 2024 Confidence in the UK housing market is starting to dip despite signs of improvements in recent months, according to the latest property surveyor report from the Royal Institution of Chartered Surveyors (RICS).
Renting in London might finally be about to get a bit easier June 7, 2024 The rate at which rental costs in London are rising slowed in April, but tenants are still handing over an average of £2,112 to landlords each month.
Rentguarantor continues rapid growth as losses widen June 6, 2024 Rentguarantor, an Aquis-listed provider of tenancy guarantees, saw its losses widen in 2023 despite a major uptick in revenue, average contract price and tenant contracts in the full year to 31 December.
LGIM boss calls for fewer ‘unscrupulous’ buy-to-let landlords in Britain May 6, 2024 An LGIM boss has lambasted what he describes as "unscrupulous" buy-to-let landlords, accusing many of providing poor housing for tenants.