Rising House Prices Narrow the North-South Gap in England and Wales
Recent data highlights a significant rise in house prices across England and Wales, particularly in the North, which may reshape landlord investment strategies and market dynamics.
Recent data highlights a significant rise in house prices across England and Wales, particularly in the North, which may reshape landlord investment strategies and market dynamics.
Brent Council has introduced a mandatory licensing scheme for all privately rented properties, significantly increasing compliance requirements for landlords in the area. This initiative aims to tackle unlicensed rentals through data analysis and enforcement measures.
Landlords in England are being invited to participate in testing a new database mandated by the Renters Rights Act, with the aim of shaping its implementation later this year. This initiative is critical as it seeks to enhance transparency and compliance in the rental sector.
A new register for short-term lets is expected to be introduced in London this spring, aiming to enforce compliance with the existing 90-night limit on rentals. This initiative is crucial for landlords navigating the evolving regulatory landscape.
Annual rental growth in prime London has slowed to its lowest level in four years, raising concerns for landlords amid an increase in available properties. New tax measures and market dynamics further complicate the outlook for rental yields.
A London family of landlords faces a court-ordered payment of £930,000 after a prolonged legal battle over illegal property conversions. This case underscores the importance of compliance with planning regulations for landlords in England.
Hillingdon Council has introduced a borough-wide Article 4 Direction to control the establishment of HMOs, requiring landlords to obtain planning permission for all new HMOs. This move aims to address issues of overcrowding and property standards in the borough.
Hackney Council has approved a £925pa selective licensing scheme and a £1,400pa HMO scheme. This move aims to enhance housing conditions and tenant rights in the borough.
A proposed annual levy on high-value homes in the UK, expected to be introduced in the upcoming Budget, could significantly affect landlords in the upper market segment. With properties valued over £2 million facing new financial burdens, stakeholders warn of potential market destabilisation.
New analysis reveals that properties near high-performing schools are commanding significant premiums, presenting landlords with opportunities for improved rental yields and lower vacancy rates.
London's rental market is witnessing a resurgence as new licensing initiatives are launched, marking a significant shift for landlords amidst regulatory changes. This development is crucial for landlords navigating the evolving landscape of rental regulations.
Newham Council faces criticism for spending millions to buy back former council homes, highlighting flaws in the Right-to-Buy scheme and its impact on social housing availability.