Landlord repossessions up 11% year-on-year
Buy-to-let mortgage repossessions are up by 11% year-on-year, data from UK Finance shows. Some 790 buy-to-let mortgaged properties were repossessed in the second quarter, which is at least 2% fewer…
Leasehold system blocking landlords from buying or improving flats
Leasehold structures are limiting upgrades and pushing landlords away from buying flats, research from Leaders Romans Group (LRG) shows. Some 46% of landlords with leasehold flats say their biggest challenge…
More new builds selling in London
London’s new build market bounced back in the first half of the year, as there was a 16.5% increase in new homes selling in the capital year-on-year, Foxtons analysis shows.…
RICS: Housing activity softens – PropertyWire
Enquiries and sales both declined in July, signalling that we are currently experiencing a slower housing market. New buyer enquiries dropped by a net -6% while a net -16% saw…
Rental stock rises despite Renters’ Rights Bill concerns
Fears of a mass landlord exodus ahead of the Renters’ Rights Bill becoming law have yet to materialise, analysis from London lettings and estate agent Benham and Reeves has revealed.…
Trump factor warding off Brits from moving to the US
Fewer Brits are moving to the United States since Donald Trump stared his second term in late 2024. Since then, there’s been a dramatic 67% decline in Brits enquiring about…
East Midlands council ramps up spending to fix damp and mould issues
Newark and Sherwood District Council is anticipating the upcoming Awaab’s Law by spending more than £250,000 on dealing with damp and mould issues. The cash is being spent on an…
AI tool launches to automate tenant communication
An AI agent has been launched to automate tenant communications called WorkFlo, which has been developed by VerbaFlo. This is designed to replace tools like spreadsheets, email blasts and third-party…
Beach hut prices surge by up to 100%
The cost of beach huts has surged by 102.1% in three years in West Sussex, where the going rate is now £33,004. This asking price still pales in comparison to…
UK property sector struggling from lack of big-ticket deals
UK property investment volume slipped to a two-year low in Q2 – largely due to a lack of large-scale deals, Lambert Smith Hampton’s latest UK Investment Transactions (UKIT) report has…