Latest Property Market News

Given the unprecedented circumstances, we would ask for your support to ensure no tenant is evicted because they have suffered financial hardship due to Coronavirus. I hope that you will recognise at this challenging time that landlords must be flexible with tenants facing financial hardship and signpost them to the sources of financial support available....

We would ask you to urge your tenants to apply for Statutory Sick Pay and Universal Credit where they are eligible. We would also urge you to encourage them to speak to you as soon as they are in financial difficulty as it may mean that they are unable to pay their rent at this time....

Despite the recent tax and regulatory changes, buy-to-let continues to look an attractive income investment at a time of low-interest rates and volatile stock markets, but which city ranks best for buy-to-let investment? 
Aldermore’s new Buy-to-Let City Tracker, which analyses 25 cities across the UK to understand the best places for......

Construction has been completed on the first major city centre Build to Rent development in Glasgow.
With young professionals flocking to the Merchant City scheme, Candleriggs Court has been fully-let within weeks, demonstrating appetite for city centre living.
Having been met with high levels of occupier demand, the entire 36-apartment complex......

Rents rose in most areas of Scotland during the month of May, the latest figures from Your Move Scotland show, as demand in the market increased.
The research shows that Glasgow and Clyde posted the fastest rent rises in Scotland, with rents increasing by 1.9% between April and May, leaving......

The two candidates for Conservative leader are being urged to make a public commitment to abolishing the controversial Right to Rent scheme.
Boris Johnson and Jeremy Hunt, the two candidates, are facing calls from a coalition of organisations made up of the Residential Landlords Association (RLA), the Joint Council for......

The tenant fee ban is new to most of the UK, but has been in place in Scotland since 2012. Advocates of extending the ban throughout the rest of the UK pointed to the fact that rents in Scotland have not risen significantly in the intervening years.
While this may......

Newcastle Intermediaries is now offering its buy-to-let mortgage range to borrowers in Scotland.
It comes over three years after the firm, which is the intermediary arm of the Newcastle Building Society, entered the buy-to-let market in England and Wales.
The range is available with both two and five year fixed rates,......

Rents in the UK’s private rented sector increased by 1.3% in the 12 months to May 2019, up from 1.2% in April, ONS’s Index of Private Housing Rental Prices has found.
In England rents increased by 1.3%, in Wales by 1.2%, and in Scotland by 0.8%, the data shows.
Northern Ireland’s annual......

The Residential Landlords Association (RLA) has urged Shelter to go back to the drawing board after calling for England to adopt Scotland’s model of indefinite tenancies in the private rented sector.
Shelter released a report yesterday suggesting that England should follow Scotland’s lead and provide private tenants with indefinite security......

There has been a sharp rise in the number of over 50s renting homes, according to new research from Hamptons International.
Some 15% of rented households so far this year are made up of people aged 50 and over currently rent, up from just 11% in 2012, according to the......

The Scottish government is being encouraged to acknowledge that some landlords north of the border are breaking the law by letting property and declaring them to be holiday lets to avoid long term tenancy rights.
David Alexander, joint managing director of Apropos, wants to see the Scottish government acknowledge tenants’......

The vast majority of homeowners in Britain expect residential property prices to rise over the next six months, Zoopla’s latest ‘Housing market sentiment survey' has found.
Confidence in the market is growing, with some 81% expecting home values in their area to increase before the end of the year, which is......

New research looking at the best buy-to-let markets to recoup your investment on both property price and stamp duty costs based solely on annual rental return has revealed that Scotland currently ranks as the number one country in the UK.  
The research, commissioned by Benham and Reeves, found that......

With less than a year until new legislation surrounding energy performance certificates (EPCs) is introduced in Scotland, buy-to-let landlords north of the border are being urged to take note of the upcoming changes so that they can begin any necessary preparations.
By 1st April 2020, any new tenancy will require......

Scotland’s rental market continued to go from strength to strength, with the average rental property north of the border generating a return of 4.7% for landlords in April, the latest data from Your Move Scotland shows.
Investor returns in Scotland continue to compare favourably to those found in England and......

There was a notable drop in the number of new rental listings, while the volume of properties let last month also fell, as reduced supply restricted choice for potential renters, according to the latest data from the Agency Express Property Activity Index.
The figures show that there was a 14.1%......

There has been a notable rise in the number of English landlords investing in Scotland’s buy-to-let sector thanks to cheaper property prices north of the border, along with tax reliefs and higher yields, according to Touchstone.
Research by the property training firm found that 78% of its clients believe the best......

A BTL landlord who lost his cool during a heated exchange with a tenant over unpaid rent has been ordered to be of good behaviour for the next nine months at Jedburgh Sheriff Court.
Steven Melville, 53, pleaded guilty to behaving in a threatening or abusive manner by shouting and......

The average buy-to-let landlord made £80,000 profit upon selling their rental property in 2018, new figures show.
Landlords in London made the most, at an average of ££248,120, which is almost three times as much as those selling outside the capital.
In 2018, 85% of landlords sold their buy-to-let for more......