Latest News
Almost 60,000 Properties Put Up on UK Rental Market in 2011
The latest research by Experian revealed that UK rental market was flourishing last year which compares to more muted activity in 2010.As such, the number of new properties added to the market in 2011 was 58,000 more than in 2010. This compares to a 12,000 drop in the number of properties put for sale onto the market. The report, however,... Read more
Brits Know How to Rent for Olympic Fans
As there will be approximately 320 000 tourists and Olympic Games' participants visiting London this summer, Brits are seeing an opportunity to get into business.There are only 140,000 hotel rooms in London, which means that hundreds of thousands of people will have to rent. There are numerous options, from hotel rooms (if they are still... Read more
UK Property Rent Rates Fall in February – LSL Property Services
The latest report by LSL Property Services released on March, 16th suggests that private sector rents have fallen in February. In the opinion of experts, the decrease is due to the fact that many tenants chose to take advantage of the stamp duty holiday and moved into the sales market.As such, the average rent rate in the UK fell by 0.6% in... Read more
Beware of Fraudulent Tenants – Let Insurance Services
Let Insurance Services warns UK landlords against fraudulent tenants that have become more active in many British towns.Most of them give false information of where they have been living previously and move from one property to another without any intentions to keep up with the rent."Tenant fraud is a growing problem for agents and landlords... Read more
UK Rent Yields Rise in Q3 2011
The latest report by the Royal Institution of Chartered Surveyors on UK housing market, published a few days ago, suggests that property rent rates and demand from tenants are growing, and so do the yields on rental property.On a regional basis, rents picked up on the fastest pace in London. This was followed by the North, the South East, the... Read more
Property Rent Rates in UK Are Highest in Europe
Research from an online portal Easyroommate suggests that UK is the most expensive place in Europe to rent.As such, rent rates in the country are 5% higher than in France, which, by the way, is the second most expensive place in Europe in terms of rental accommodation.According to estimates, Brits spend 15% of their earnings on accommodation,... Read more
UK Rental Properties Popular with Tourists
Tourists prefer private rental properties to chain hotels, thus boosting the buy to let sector in Great Britain.The number of foreign tourists visiting UK increased significantly in Q2 2011. As such, research showed that 8.3 million tourists visited Great Britain this year, which compares to 7.8 million in Q2 2010. This represents a 7.4% rise.Most... Read more
Rent Rates in UK Are Unaffordable – Shelter
Research finds out that rent rates are unaffordable for Brits in 55% of regions in the UK, making rental properties inaccessible.The housing charity Shelter recently published its "Private Rent Watch," in which it claims that rental properties are unaffordable in many regions of the UK.As such, the charity found out that in 55% of local authority... Read more
UK Serviced Apartments Are in Demand
UK tourists and businessmen prefer serviced apartments to chain hotels, reveals a report by CBRE.According to a report published by CB Richard Ellis, the demand for prime property, namely, serviced apartments, increased lately.As such, companies letting serviced apartments in the most popular destination for tourists and businessmen - London - see... Read more
Increased Rent Rates Push Tenants into Arrears
A third of UK landlords increased rent rates in Q3 2011, leaving thousands of tenants in arrears, says Paragon Mortgages.The latest figures revealed by Paragon, specialised buy to let lender, suggest that rent rates in UK have increased for the third consecutive quarter. However, while in Q1 and Q2 2011, only 29% of landlords increased rent rates,... Read more