Rental crisis to get worse as earnings ‘won’t keep up’ with London flats Property Rents are likely to continue growing over the coming years, turning a rental crisis into a perma-state in London
Leasehold reforms set to be walked back after investor lobbying UK Politics Plans to cap ground rents on leasehold properties are set to be walked back after lobbying from pension funds and investors, according to reports.
Build-to-rent giant PRS records double-digit profit growth as home shortage boosts rents property Overall, the group reported adjusted earnings of £18.7m, up 11 per cent and a profit before tax of £30.3m, up 106 per cent year-on-year.
Forget saving for a mortgage, one in ten renters still rely on food banks March 13, 2024 Around a third of social renters and half of private renters were only in poverty after their housing costs were factored in, suggesting that they were pushed into poverty by the amount they have to spend on housing.
Why the Spring Budget could be crucial for prospective homeowners March 1, 2024 For anyone looking to invest in bricks and mortar, the contents of Jeremy Hunt’s Budget red box will likely be a source of more than a little fascination.
Look inside Manchester’s £300m new rental project using tech to match up young professionals March 1, 2024 Take a look inside the UK’s first rent-by-the-room apartment building which has just opened in Manchester.
Leasehold and rental reforms slated as ‘contentious’ and ‘destabilising’ February 29, 2024 The government has come under fire for its flagship housing reforms, with developments to new laws on leasehold reform and rental rights branded “contentious” and “destabilising”.
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.
Prime London house prices back at 2014 levels as buyers shun South Kensington and Chelsea February 17, 2024 House prices in prime London were 2.5 per cent below their pre-pandemic level and down by 7.1 per cent annually.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.