Latest Property Market News

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......

A growing number of private landlords are turning to Airbnb and similar platforms, but Apropos by DJ Alexander Ltd, a property management firm, is warning landlords to tread carefully to ensure they are not jeopardising their legal interest in the property. 
Many landlords see Airbnb as a potentially attractive proposition compared......

Almost one in three renters have no intention of ever acquiring their own property, mainly because they are happy living in the private rented sector, new research shows.
A survey of people who rent privately has found that almost 30% of tenants in Scotland do not plan to ever own......

The average rental yield returned to investors with property in Scotland has increased for the first time since March 2017, Your Move Scotland has found.
Fresh data from the letting agency reveals that the average rental property north of the border generated a return of 4.7% for its owners in......

Few people familiar with the UK property market would dispute the fact that the Right to Rent scheme has been deeply controversial and highly unpopular from its very inception. It was implemented in England in the face of harsh criticism from both landlords and housing charities, who both pointed......

Scottish rents continued to edge up in the first quarter of the year, the latest figures show.
The Scottish national average increased to £793 per calendar month, up 1.7% year-on-year, with the average property taking 37 days to let, according to the latest Citylets Report for Q1 2019.
Gillian Semmler, communications......

There has been an improvement in the letting market, according to board company Agency Express.
The number of new rental property listings ‘to let’ increased by 12.6% in February compared to the previous month, while the volume of properties ‘let’ was up 8.3% during the corresponding period, the latest letting......

Average asking rents in London rose to an all-time high of £2,091 a month in the first quarter of the year as the number of available properties continued to drop sharply, according to new research.
Rightmove found that asking rents in the capital rose 2.9% in the last quarter alone,......

Private rental prices paid by tenants in the UK increased by 1.2% in the 12 months to March 2019, up from 1.1% a month earlier, according to the data from the Office for National Statistics (ONS).
In England, private rental prices grew by 1.2%, Wales experienced growth of 1.1%, while......

Weak rental growth has resulted in improved affordability for renters across many parts of the country, including London, while rents in northern regions are now the most affordable for a decade, new research shows.
The in-depth study from Zoopla, which sets out trends in the affordability of private renting across......

The housing minister James Brokenshire’s announcement yesterday that there will be a consultation period on the ability of landlords to remove tenants using Section 21 of the 1988 Housing Act, with potentially far reaching consequences for landlords, risks creating ‘chaos’ in the courts, according to the National Landlords Association......

Rents in Great Britain increased 1.9% year-on-year in March, driven by a 3.7% rise in Greater London where rents hit a record high, according to new figures from Hamptons International, part of Countrywide.
The data shows that the average cost of a new let in Great Britain rose to £969......

There has been a sharp decline in the number of buy-to-let landlords investing in the capital’s property market since the 3% stamp duty surcharge was introduced three years ago, new figures show.
Even London-based investors, which historically bought their investment properties near where they lived, are now deterred from buying......

A new survey has revealed three in four Scots back rent caps north of the border to help curb increasing housing costs in property hotspots like Edinburgh.
The research by Survation for tenants’ union Living Rent also reveals that almost half of voters would be more likely to support a......

Following the changes introduced in England and Wales last year, an important piece of legislation is coming into force in Scotland next year.
By 1st April 2020, any new tenancy in Scotland will require the property to have an EPC rating of at least band E, and by 1st April......

More needs to be done to stem the increase in short-term lets on Airbnb and similar platforms to ensure that there are a sufficient number of homes available for long-term residents, fresh analysis suggests.
A surge in the numbers of lets on Airbnb and other short-term rental websites has contributed......

The average rent for a property in the UK increased by 0.96% in the year to March but London remains a drag on the market after slow growth in the capital.
The latest Landbay Rental Index shows that rents are rising fastest at 6% in Edinburgh City, followed by 4.28% in......

The slump in the UK home ownership rate from 73% a decade ago to just 63% today reflects the fact that more people are now renting property in the PRS, particularly among the millennial generation, where the ownership rate has collapsed even more dramatically, owed largely to high property......

Buy-to-let landlords in Scotland will face higher tax bills than their English counterparts from today, according to leading accountants and business advisors French Duncan LLP.
This is due to the reduction of tax benefits introduced by George Osbornes’ 2015 Budget which is aimed to discourage buy-to-let investment in order to......

Buy-to-let landlords north of the border continue to achieve higher returns on their property investments than their counterparts south of the border, according to the latest Scotland Buy to Let Index from Your Move.
The average Scottish rental price increased by 1.7% in the 12 months to February to hit......