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Thursday, January 31, 2019

House price growth stagnates

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English Private Landlord Survey published

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Standards up in the private rented sector

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Airbnb failed to put right my trashed flat

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Should you invest in a property for your kids?

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Wednesday, January 30, 2019

Fergus Wilson's eviction cul-de-sac

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Should FTBs invest in BTL?

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New expat BTL range from Cambridge BS

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Tel: 029 2069 5446

Electrical safety in PRS: Govt tightens rules

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A new rental contract: New IPPR report

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House prices grow fastest in north

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Tuesday, January 29, 2019

L&G's £85m Scottish build-to-rent debut

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London trophy homes a 'bargain'

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The 100% mortgage is back

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Global Urban Futures Report - Knight Frank

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3 letting agents get 28 months for fraud

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Sadiq Khan is wrong about rent control

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Monday, January 28, 2019

MINI Living Future Urban Home competition

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Is a letting fees ban good news for tenants?

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Accord cuts BTL rates

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Tel: 029 2069 5446

The 'build to rent' sector is booming

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The risks of subtenants

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London asking prices drop below £600k

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Stress-free guide to tackling your Tax Return

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How to barter in property

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Friday, January 25, 2019

The cheapest homes for sale in Britain

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Govt. redress scheme extended: +1.5m landlords

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Landlord loses £4m fire damage case

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London rent controls - more opinion

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London property market discussion

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Thursday, January 24, 2019

London commuter town to watch

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Tenant Fees Bill: Research Briefing

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London tenants:31% of income on rent

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Amendments Tenant Fees Bill approved

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Wednesday, January 23, 2019

London's best home extensions

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Sadiq Khan makes rent control key plank of mayor re-election bid

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Landlord confidence at historic low

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Prime London property fund slashes value

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Blueprint for London PRS rent controls

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Calls for Airbnb mortgages

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Property sales ‘normal’ last year

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Refurbishment loans: key factors to consider

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Why you need a proper inventory

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What buy-to-let landlords can expect in 2019

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Renting more affordable says DPS

Renting became more affordable in 2018 thanks to a combination of a once-in-a-decade fall in annual rents and wage inflation, according to The Deposit Protection Service (DPS).

2018 was the first calendar year since the global financial crisis of 2008 that average rents decreased in the UK, with the percentage of wages spent on rents dropping 0.5% to 31%, according to The DPS Rent IndexTM.¹

Wages increased on average by 2.83%, according to ONS data² for the period between January and December 2018, the organisation has noted.

Julian Foster, Chief Operating Officer at Computershare Investor Services, which produces the annual report, said: 

”This first drop in average annual rents for almost 10 years is good news for UK renters, especially if wages continue to climb in 2019.”

Average rent in the UK fell by £9 (or 1.17%) from £774 in 2017, to £765 in 2018.

The biggest annual fall was in Yorkshire and the Humber, where average rents fell by £21 (3.63%) to £546, making it the third most affordable area in the UK after the North East (£529) and Northern Ireland (£544).

Rents in the North East fell by 1.47%, or around £8 compared with 2017, with average rents being around 32% lower than the national average.

The second most affordable region was Northern Ireland, however annual rents rose from historically low levels by 2.38% last year, from £532 in 2017 to £544.

Scotland and Wales witnessed modest growth in rents compared with 2017, with Scottish rents rising by a marginal £1 (0.19%), while in Wales rents rose on average by £8 (1.42%).

In England, only the South West (0.21%) and West Midlands (0.12%) experienced annual growth, with the increase equivalent to around an additional pound.

As in 2017, London, the South East, and the East were the only regions last year where annual average rents were above the UK national average.

London continues to have the most expensive average annual rent in the UK, at £1,294, 69% higher than the national average, and representing 41% of average London wages.

Decreases were experienced in average UK rents for all property types, with terraced properties showing the largest decline (2.49%), producing average rents of £711 in 2018.

Between September and December (Q4) 2018:
  • The average UK rent marginally increased, however, by a modest £1 (0.15%), taking the average national rent to £762.
  • Rents in London increased only marginally by £1 (0.07%) to £1,291 compared with Q3 2018, £35 (2.62%) lower than the same period in 2017.
  • The West Midlands saw the largest quarterly increase in rent in the UK, rising by £19 (3.02%) in the last quarter, to £636.

Read the full DPS Rent IndexTM


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Rents fall for first time in a decade

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Tuesday, January 22, 2019

HMRC error hits early-filing taxpayers

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Micro-homes could solve London's housing crisis

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Landlords to feel effects of BTL changes

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Tax rises: Scotland's second home owners halved

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Govt need help with online Right to Rent checks

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Scot Govt additional dwelling supplement to 4%

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Three dodgy letting agents get 28 months in prison

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Scotland's housing market in 4 charts

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Ministers urged to halt right-to-buy scheme

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Monday, January 21, 2019

Teachers BS loosens BTL criteria

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Tel: 029 2069 5446

YourMove House Price Index

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Rightmove's House Price Index published

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Brent council has paid rogue landlord £500,000

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Tenant Fees Bill : FAQs

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HMRC tax scam warning

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Nottingham's new approach to tackling rogue landlords

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Could renting without deposits become the norm?

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Rental Trends Tracker from Rightmove

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25% wiped off prices in wealthiest areas

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Saturday, January 19, 2019

Tiny homes coming to Bristol

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First-time buyers shrug off Brexit saga

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Half UK homes worth less than 2007

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Bleak outlook for housing market

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Friday, January 18, 2019

What does 2019 hold for UK house prices?

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Skipton refreshes BTL trackers

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Tel: 029 2069 5446

TDS case - landlord claims £245 for tenants leaving a day late

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Thursday, January 17, 2019

Why letting agents should be relishing 2019

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Asking rents soar as supply dwindles

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Allowing pets in rented properties

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Build-to-rent blocks soaring

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Tips for first time landlords

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Downbeat housing market outlook

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London asking rents hit record high

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Biggest property price falls for six years – RICS

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SA tax deadline: January 31st

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Wednesday, January 16, 2019

166,440 homes started in the last year

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How developers bought the Tory Govt

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Tenants win £1.8k rental Brexit dividend

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How landlords are using permitted developments and refurbishment to drive portfolio growth

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Latest ONS Rental Index

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Latest ONS House Price Index published

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Annual house price growth - 2.8% 

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Brexit uncertainty hits house purchases

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UK’s Most Affordable Commuter Towns

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I struggle to get by on Universal Credit

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Housing starts up 12%

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Tenant Fees Bill provisions to come into effect June 2019

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How to rent out your home on Airbnb

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Tuesday, January 15, 2019

Tips for picking the right tenants

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Value of UK homes hits £7.3tn

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10 tips for managing tenancy deposit disputes

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More Scots struggling to pay rents

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2.4m extra funding to tackle rogue landlords

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The Third Reading of the Tenant Fees Bill

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Has Brexit saved London tenants £1800 in rent?

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Pros and cons of smart home technology for landlords

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Mandatory and Discretionary Grounds for Eviction

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Leeds increase BTL cash back

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Tel: 029 2069 5446

Property funds lose out from switch

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Fergus Wilson - 90 evictions

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