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KEYWORD "Economy" - 100 RESULTS
Propertymark asks government: Why bother with local licensing schemes?

Propertymark has responded to the formal consultation schemes being imposed by a string of local councils - but says such measures...

02 September 2024

From: Breaking News

Government puts squeeze on key area to encourage more homes

Housing Minister Matthew Pennycook has written to one of the key areas he believes vital for achieving Labour’s house-building targets, calling...

29 August 2024

From: Breaking News

Short Lets to be hammered by nightly 5% ‘tourism tax’

Anyone renting an Airbnb or other short let property in Edinburgh from the summer of 2026 is likely to be hit...

23 August 2024

From: Breaking News

Inflation hike ‘necessary part of reaching stable housing market’

The rise in consumer inflation from 2.0% to 2.2% is “an unfortunate but accepted part” of achieving a stable housing market. So...

15 August 2024

From: Breaking News

Purplebricks backs Labour plans ‘because rental sector is a mess’

The chief executive of Purplebricks says he’s backing Labour’s house building plans because of the state of the private rental sector.  Sam...

08 August 2024

From: Breaking News

Ban on Airbnb-style short lets lifted by multi-millionaire developer

Flats in a multi-millionaire developer’s prestigious shoreline scheme in Folkestone can, after all, be short-let following a U-turn by the property...

07 August 2024

From: Breaking News

Interest Rate Decision - it’s touch and go, admits analyst

The chance of the Bank of England deciding to cut base rate today and thus trigger further interest rate cuts, is...

01 August 2024

From: Breaking News

Rightmove backs Labour efforts to turn renters into first time buyers

Rightmove has thrown its weight behind the new Labour government’s bid to help first time buyers - and it wants it...

29 July 2024

From: Breaking News

John Lewis gets green light to build over 350 rental homes

The John Lewis Partnership has received the green light to transform its Waitrose site in Bromley into a new Build To...

29 July 2024

From: Breaking News

Cost Of Rent Day launched by free-market think tank

The right wing think tank the Adam Smith Institute has launched something called the Cost Of Rent Day. The institute has calculated...

17 July 2024

From: Breaking News

Rents rising in most areas as high interest rates hit long-term supply

Asking rents continue to show posi­tive, albeit lower, growth in most regions according to the property website Home. The site conducts a...

15 July 2024

From: Breaking News

Agents tell Rayner: we want agency regulation, mandatory qualifications

ARLA Propertymark and a number of other property industry bodies wants Housing Secretary Angela Rayner to regulate letting and sales agents. An...

15 July 2024

From: Breaking News

House building sector to bounce back soon - forecast

Glenigan, regarded as one of the construction industry’s most respected insight and intelligence consultancies, says the sector will enjoy a long-term...

15 July 2024

From: Breaking News

Labour “serious about change” and “grasping the nettle” - top agent

Labour’s proposed planning reforms indicates that the new government is serious about change and grasping the nettle on housebuilding. That’s the view...

09 July 2024

From: Breaking News

“Thousands of homes lost to Airbnb” claims Labour hopeful

Thousands of homes in central London may have been lost to Airbnb and other short let platforms, a Labour candidate claims. Rachel...

04 July 2024

From: Breaking News

Warning - ‘new normal’ interest rates to be far higher than before

Although much focus is on the Bank of England and when it will begin to cut interest rates, a sobering warning...

01 July 2024

From: Breaking News

Labour to ban bidding wars and high upfront rental payments

Labour has stepped up its programme clamping down on what it calls “unscrupulous landlords strangling growth.” Specifically this means ending bidding wars,...

20 June 2024

From: Breaking News

Shelter backs Labour eviction and housing policies

Shelter has spoken out in favour of what it calls “bold” commitments by Labour on the private rental sector and house...

14 June 2024

From: Breaking News

HMO award winners revealed - are you amongst them?

Software company COHO has presented wards to agencies, suppliers and individuals involved in the HMO business. The firm says the awards honour...

07 June 2024

From: Breaking News

Half of Agents say they Don’t Know who they’ll vote for

Around half of letting agents and landlords say they are unsure about how they will vote in the General Election. A joint...

23 May 2024

From: Breaking News

Hot Money now on August Interest Rate Cut

Inflation figures are down - but not as much as many analysts expected. The basic Consumer Price Index figure fell from 3.2%...

23 May 2024

From: Breaking News

Interest rate cuts this year, suggests IMF - but it isn’t all rosy…

The International Monetary Fund has suggested that the British economy could accommodate three interest rate cuts this year, with Kate cuts...

22 May 2024

From: Breaking News

What about Rental Reform? Labour puts issue on the back burner

Despite once claiming it would abolish Section 21 evictions “on its first day in office”, Labour appears to have gone cool...

17 May 2024

From: Breaking News

Pity The Poor Renter - analyst says tenants face tough conditions

An Office of National Statistics survey shows that the top three issues facing the UK are still the cost-of-living crisis (89%),...

16 May 2024

From: Breaking News

Election Gimmick Stamp Duty Cut would trigger evictions - claim

A stamp duty cut in the run up to a General Election would see house prices go up and evictions soar,...

15 May 2024

From: Breaking News

 Stop Killing Market with Rent Controls, agents tell minister

Propertymark has urged Scotland’s new First Minister to end the country’s housing emergency. John Swinney is now First Minister and says he...

08 May 2024

From: Breaking News

Lloyds Banking Group rental project now has 2,000 properties

Citra Living, part of Lloyds Banking Group, is to bring more than 150 new family homes to the rental market in...

30 April 2024

From: Breaking News

Interest Rates to stay high despite this week’s good inflation news

Interest rates are expected to stay high despite good inflation news likely to be announced this week. The Office for Budget Responsibility...

15 April 2024

From: Breaking News

Get On With It! - agents say Bank should cut rates now

Propertymark is telling the Bank of England that now is the perfect time to cut base rate and trigger wider interest...

21 March 2024

From: Breaking News

Government figures show another sharp rent rise

Average UK private rents increased by 9.0% in the 12 months to February 2024 according to the Office for National Statistics. This...

21 March 2024

From: Breaking News

PropTech sector gives a thumbs down to lacklustre Budget

The PropTech sector has mostly agreed with the rest of the industry in its view on yesterday’s Budget - that it...

07 March 2024

From: Breaking News

Rental Sector Tax Grab - leading agency boss speaks out

A figure in one of the country’s highest profile lettings companies has hit out at a government proposal to penalise the...

05 March 2024

From: Breaking News

Nationwide demands four tax changes to help the private rental sector

Nationwide has taken the unusual step of using its buy to let lending arm - The Mortgage Works - to make...

05 March 2024

From: Breaking News

Companies House clampdown on dodgy agents’ data and information

Companies House has new powers from this week to combat fraud. These are measures under the Economic Crime and Corporate Transparency Act...

05 March 2024

From: Breaking News

Shelter lobbies politicians with ‘rental plan to end homelessness’

Shelter is calling for the construction of 90,000 rental properties each year for a decade - and it claims this would...

27 February 2024

From: Breaking News

Gove’s Airbnb Crackdown - Criticism building

There’s growing anger over restrictions on private homeowners using their properties via Airbnb and other short let platforms. Earlier this week Housing...

21 February 2024

From: Breaking News

Radical changes to short let laws proposed by Michael Gove

Housing Secretary Michael Gove has this morning announced wholesale changes to planning and regulations surrounding short lets. His proposals include: - planning permission...

19 February 2024

From: Breaking News

Report downplays ‘posh’ image of Build To Rent flats and tenants

A new report suggests that past impressions of Build To Rent and other institution-funded rental units as expensive and concentrating on...

19 February 2024

From: Breaking News

MPs turn on Airbnb and other short lets

Prominent MPs from the Conservative and Liberal Democrat parties have renewed their onslaught on Airbnb and other short let platforms.  Former Lib...

06 February 2024

From: Breaking News

Rents Shock - they’ve fallen for the past three months

New data released by insurance firm HomeLet claims that average rents have fallen now for three months on the bounce. The past...

05 February 2024

From: Breaking News

Agent says rents set to fall as economy returns to near-normal

A buying agent claims that rents could finally be tailing off despite some indices showing rises still taking place. According to Rightmove,...

05 February 2024

From: Breaking News

Union slams Bank decision as workers face high rents

A trades union has slammed the Bank of England over its decision to keep base rate at 5.25 per cent, saying...

02 February 2024

From: Breaking News

Thousands of lettings agencies in financial distress - new figures

Thousands of lettings and estate agencies, and other property businesses, are in ‘critical’ or ‘significant’ financial distress, it’s been claimed. The latest...

23 January 2024

From: Breaking News

Shock figures put interest rate cut on the back burner

There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...

18 January 2024

From: Breaking News

Phil Spencer warns that Summer will be hectic for lettings sector

Summer looks like it’s going to be a hectic period for lettings agents and the private rental sector according to TV...

17 January 2024

From: Breaking News

Mandatory Short Lets registration scheme to be introduced

A mandatory short lets registration and licensing scheme is to be introduced in part of the UK, described as a system...

11 January 2024

From: Breaking News

Lettings Market Problems - supply-demand mismatch through to Christmas

New figures released this week by Propertymark reveal that even in the run-up to Christmas there was no significant change in...

03 January 2024

From: Breaking News

Politicians demand Christmas ban on Section 21 evictions

The Liberal Democrats have called on the government to bring in an emergency ban on no fault evictions and banks repossessing people’s homes...

21 December 2023

From: Breaking News

Last Ditch Bid to save unpopular freeholds from Gove’s law change

Plans for leasehold reform face a major early stumbling block as analysis shows plans to retrospectively introduce a cap on ground...

20 December 2023

From: Breaking News

More guarantors demanded as economy slump goes on

An analysis of tenants renting between 2020 and 2023 shows a big rise in those on high salaries asked to provide...

19 December 2023

From: Breaking News

Airbnb claims its short lets support thousands of jobs across UK

A new report claims that Airbnb has generated tens of thousands of jobs in the UK and enables people to work...

07 December 2023

From: Breaking News

Government slammed over clampdown on Airbnb and short lets

A trade body representing short lets operators has slammed government housing failures. The Short Term Accommodation Association says it’s analysed local authority...

01 December 2023

From: Breaking News

Renters Reform Bill part of ‘brighter future for UK’ claims Sunak

Prime Minister Rishi Sunak says the Renters Reform Bill will be mentioned in today’s King’s Speech - and is part of...

07 November 2023

From: Breaking News

Interest Rate optimism fuelled by surprise improvement in inflation

There’s growing optimism that tomorrow’s Bank of England monetary policy committee meeting will see base rate held for another month -...

01 November 2023

From: Breaking News

Radical EPC rating B target demanded by business consortium

A business consortium is calling for bold measures to encourage landlords and owner occupiers to retrofit their homes, with the introduction...

24 October 2023

From: Breaking News

Public optimistic about housing market despite feeling worse off

UK consumers feel worse off than a year ago, but remain relatively optimistic about the property . That’s the conclusion of a...

13 October 2023

From: Breaking News

Labour should champion lettings agent regulation - Propertymark

Propertymark has urged Labour to licence letting agents under its plans to ‘fundamentally reform the private rented sector’. The trade body also...

09 October 2023

From: Breaking News

Surprise Interest Rate decision by Bank of England

The Bank of England has revealed its latest decision on base rate - which in turn has a strong influence on...

21 September 2023

From: Breaking News

Bank of England urged to increase interest rates AGAIN

The Centre for Economics and Business Research says the Bank of England should increase UK interest rates by another 0.25 per...

19 September 2023

From: Breaking News

New figures escalate threat of yet another interest rate rise

The spectre of yet another Bank of England base rate rise next week has been increased by economic figures released in...

13 September 2023

From: Breaking News

More tenants struggling to pay rent - government figures

More people are struggling to pay their rent according to a new government survey. The study, by the Office for National Statistics,...

12 September 2023

From: Breaking News

Hate campaign launched against Airbnb

A hate campaign against AirBnb appears to have been launched in a Welsh village. Newspaper reports say a sticker reading 'Death to...

15 August 2023

From: Breaking News

Huge increases in fines for agents letting to illegal migrants

Agents who allow rental properties to be let to migrants who do not have the right to be in the UK...

08 August 2023

From: Breaking News

Latest rate rise ‘could light a rocket under UK housing market’

The US central bank has raised interest rates to the highest level in 22 years - even though inflation in that...

28 July 2023

From: Breaking News

Airbnb Regulation - councils should control short lets, agents tell government

The letting agents’ trade body ARLA Propertymark is urging the government to regulate Airbnb and other short let platforms but to...

25 July 2023

From: Breaking News

Agency issues guide for ‘responsible’ holiday lettings

One of the largest vacation lettings agencies - Sykes Holiday Cottages - says a survey shows that two thirds of holiday...

27 June 2023

From: Breaking News

Shock interest rate decision by Bank of England

The Bank of England has announced its latest change in base rate, which is used by most lenders to determine interest...

22 June 2023

From: Breaking News

Four reasons why house prices won’t fall off a cliff - agent’s claim

A prominent lettings and sales agency says there are four reasons why house prices won’t fall off a cliff, despite interest...

22 June 2023

From: Breaking News

Lawyer hits out at court delays and growing anti-rental sentiment

A seasoned property lawyer who has specialised in residential landlord and tenant law for 22 years says she is embarrassed at...

16 June 2023

From: Breaking News

Short Lets Court Case - what next for regulation?

The leader of the council that was rebuffed by a court when it tried to control the spread of Airbnb-style short...

13 June 2023

From: Breaking News

Phil Spencer urges letting agents to go on the offensive

I was surprised the other day to read statistics from the English Housing Survey about how many landlords use letting agents. In...

05 June 2023

From: Breaking News

Government told - Stop the attacks on holiday lettings sector!

A holiday lettings agency has come out fighting on behalf of its clients. Following calls by local leaders in Cornwall and Devon...

26 May 2023

From: Breaking News

Large scale investors in optimistic mood despite volatile economy

Large portfolio professional landlords are in a confident mood, with the majority planning to acquire at least one new asset in...

25 May 2023

From: Breaking News

Interest Rates - Bank of England reveals latest decision

The Bank of England has announced its latest decision on base rate. This has been increased by 0.25 per cent to 4.5...

11 May 2023

From: Breaking News

No end in sight to supply drought in prime London

One of the high end lettings agencies dominating the prime London rental landscape says there’s no end in sight to the...

11 May 2023

From: Breaking News

Commercial property investment slumps as UK economy weakens

The scale of investment in UK commercial property has fallen in all sectors, new research suggests.  Sirius Property Finance has analysed UK...

02 May 2023

From: Breaking News

Anger over Airbnbs and holiday lets needing planning consent

The new trade body for short lets has reacted angrily to a government plan for AirBnb and other short let hosts...

13 April 2023

From: Breaking News

Analyst gives bleak warning about housing market

A prominent business analyst has given a bleak warning about the prospects for property investors and other home owners in 2023. Sarah...

06 April 2023

From: Breaking News

New powers confirmed over holiday lets and second homes

New powers have been revealed to tackle what the Welsh Government calls the ‘problem’ of second homes.  A statement from the Senedd...

05 April 2023

From: Breaking News

Short Let registration fee must be reasonable insists Airbnb

Airbnb says any new rules for short lets in Wales should protect hosts and the benefits they bring to the tourism...

31 March 2023

From: Breaking News

BBC probe shows scale of rental stock supply shortage

An investigation by the BBC and Zoopla shows the sharp drop in the volume of available rental units in the past...

30 March 2023

From: Breaking News

Airbnb host register hailed as “fantastic step forward”

A proposal to introduce a national register of Airbnb hosts in a bid to curb rowdy behaviour by guests has been...

29 March 2023

From: Breaking News

Agents react to Bank of England interest rate decision

The Bank of England has raised base rate by 0.25 per cent to 4.25 per cent - the highest level since...

24 March 2023

From: Breaking News

Shelter angry at Hunt’s ‘nothing about housing’ Budget

Campaigning charity Shelter is angry with Chancellor Jeremy Hunt over his Budget  While most in the property industry have expressed relief that there...

16 March 2023

From: Breaking News

Tax incentives for rental sector - top agent’s plea to Chancellor

A prominent agent and former RICS residential chairman has made an impassioned plea to the government to help the private rental...

14 March 2023

From: Breaking News

Tenant demand still on the rise as RICS calls for Budget help

The latest market snapshot from the Royal Institution for Chartered Surveyors - out today - shows tenant demand continuing to increase...

09 March 2023

From: Breaking News

Political wannabes wrong to blame holiday lets, claims top agent

A prominent lettings agent has criticised leading candidates for the leadership of the Scottish National Party for anti-holiday let policies. David Alexander,...

03 March 2023

From: Breaking News

Reverse anti-landlord policies, top agency tells government

A lettings agency says it’s vital that the government reconsiders the new laws and regulations seen as attacking landlords. The Leaders Romans...

23 February 2023

From: Breaking News

No blanket licensing required for short lets - Propertymark

Licensing for Airbnbs and similar short lets should be targeted in priority areas only and not the subject of blanket rules. That’s...

22 February 2023

From: Breaking News

More interest rate rises to come, warn experts

There are more Bank of England base rates to come, a group of property finance industry experts has warned.  Personal finance comparison...

20 February 2023

From: Breaking News

Airbnbs and Holiday Lets give huge cash boost to communities - claim

The growth of the short term rentals sector has helped create an economy featuring jobs that benefit local communities and fit...

14 February 2023

From: Breaking News

Business Rates shock for holiday let owners - warning

The Valuation Office Agency has issued a reminder that changes to eligibility rules for self-catering properties will come into effect from...

10 February 2023

From: Breaking News

Bank warns of 10 per cent fall in house prices this year

Spanish bank Santander says UK residential property prices look set to fall 10 per cent this year and will return to...

06 February 2023

From: Breaking News

Better-than-expected economic news sugars interest rate pill

The headlines from yesterday’s Bank of England announcement are dominated by the base rate rise, but there’s been some unexpected good...

03 February 2023

From: Breaking News

Private renting vital to economic and social fabric of UK - report

The private rented sector has an important economic and social role to play across the country, according to a new report...

02 February 2023

From: Breaking News

Tough times ahead warns auctioneer, despite record year

The UK’s largest property auctioneer is warning of tough times ahead despite a record number of sales in 2022. Auction House sold...

13 January 2023

From: Breaking News

Massive scale of Build To Rent revealed by top investor's figures

Legal & General Capital helped fund over 17,000 new homes last year across a range of tenures, chiefly Build To Rent.  Chief...

05 January 2023

From: Breaking News

New Eviction Ban Call - government under pressure from MPs

The government is under new pressure to introduce a last minute eviction ban to avoid private renters facing homelessness over Christmas. Liberal...

15 December 2022

From: Breaking News

Interest Rate Rise - more bad news expected

The Bank of England’s monetary policy committee meets again this week with a further interest rate rise likely if base rate...

12 December 2022

From: Breaking News

Funding for buy to let investment plummets as wider economy tanks

A new analysis claims to show how difficult it has become for buy to let investors to secure finance as a...

07 December 2022

From: Breaking News

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