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UK Property Market Summary and Predictions for 2023

UK Property Market Summary and Predictions for 2023

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The UK property market has undoubtedly seen a tumultuous period since the end of 2022. Fluctuating statistics, record-breaking demand, falling supply, and concerning economic projections have left many scratching their heads and wondering: https://www.rw-inv

Need a hoover in a hurry? High-tech kiosk lends renters essentials

Need a hoover in a hurry? High-tech kiosk lends renters essentials

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Residents of East Village's Build-to-Rent blocks can rent household essentials like vacuums and game consoles via TULU's smart kiosks.

Government targets cities and relaxes planning in bid to solve housing crisis

Government targets cities and relaxes planning in bid to solve housing crisis

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A new https://www.landlordzone.co.uk/news/government-housing-policies-not-working-for-landlords-or-tenants-mps-are-told/" housing plan would allow shops, takeaways and betting shops to be turned into homes while homeowners would have greater freedoms to carry out property

Gove calls for EPC deadline reprieve to give landlords a break

Gove calls for EPC deadline reprieve to give landlords a break

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Housing Secretary Michael Gove has suggested a delay in bringing in energy efficiency plans for the private renter sector. Citing financial pressures on landlords, he told The Telegraph that the government should relax the pace of changes to

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

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A veteran landlord with an OBE has been handed a whopping �300,000 fine after two decades of managing illegally converted houses. Nirpaul Riat was given one of the largest ever fines in Hounslow for managing 22 properties where vulnerable tenants lived in appalling conditions.<

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

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One of the drawbacks of being labelled an expert is you are in demand for your expertise. It becomes your product and when stocks are running low, like we have all experienced when trying to find an egg in the supermarket at the end of the week for your Saturday morning cooked breakfast, th

PRS reforms make evicting rogue tenants more difficult

PRS reforms make evicting rogue tenants more difficult

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After years of campaigning and lobbying by tenant groups the Government has committed to huge changes for landlords when evicting tenants.

Huge London selective licencing scheme given green light by Gove

Huge London selective licencing scheme given green light by Gove

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Southwark Council has been given the green light for one of the UKs largest selective licencing schemes. It got approval from Housing Secretary Michael Gove following the introduction last year of a borough-wide additional licensing scheme for HMOs and a small, selective lic

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

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Landlords and holiday homeowners continue to be clobbered by a tax grab from the Welsh Revenue Authority. The latest figures show revenue from the higher rate of stamp duty - Land Transaction Tax (LTT) - increased by 50% from �61 million in 2020/21 to �92 million in 2022/23 -

Some landlords and letting agents treating migrants 'heartlessly' say campaigners

Some landlords and letting agents treating migrants 'heartlessly' say campaigners

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Migrant communities face discrimination while navigating the private rental market, according to new research by Generation Rent and Migrant Organise. Their poll of 126 migrant private renters found that 42% had struggled to find a landlord or letting agent to rent to them as a

OPINION: Inflation cut bodes well for property, but we're not out of the woods yet!

OPINION: Inflation cut bodes well for property, but we're not out of the woods yet!

Opinion

The FT reports a surge in property stocks as inflation falls, and bricks and mortar property values could soon follow stocks? The latest Office for National Statistics (ONS) measure of inflation and prices, which includes consumer price inflation, producer price i

Landlord who 'ignored responsibilities' given criminal conviction and �18,000 fine

Landlord who 'ignored responsibilities' given criminal conviction and �18,000 fine

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A landlord who failed to licence her six properties has ended up with a criminal conviction and hefty fines totalling nearly �18,000. London Land Holdings Ltd, London Land Holdings 1 Ltd and sole director of both companies, Susannah Meisner , were charged

Khan calls for short-lets licencing in London as Airbnbs hit 80,000

Khan calls for short-lets licencing in London as Airbnbs hit 80,000

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Mayor of London Sadiq Khan has called on the government to bring in a licensing system for short-term lets in a bid to protect the capitals housing supply. More than 80,000 properties are listed on https://www.airbnb.co.uk/london-united-kingdom/stays" target="_blank"

LANDLORD: This is how much my BTL flat cost to upgrade from EPC 'D' to a 'C'

LANDLORD: This is how much my BTL flat cost to upgrade from EPC 'D' to a 'C'

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<figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb9a643c7c4a123ad31709_image-5.png" alt="" id="" width="auto" height="auto" loading="auto"></div></figure>There has been much in the pres

Top ten tips to protect your property in a heatwave

Top ten tips to protect your property in a heatwave

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Whilst were not currently seeing the soaring temperatures seen in Southern Europe right now, it always pays to be prepared when it comes to protecting your property. Our partner,&nbsp;https://www.totallandlordinsurance.co.uk/?utm_source=landlordzone&utm_medium=tli+article&utm_ca

Police forces launch cannabis farms campaign targetting landlords

Police forces launch cannabis farms campaign targetting landlords

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Police forces across four UK counties urge landlords and agents to report signs of cannabis farms in rented properties as part of Operation Scorpion.

Landlord explains shift from residential to commercial estates

Landlord explains shift from residential to commercial estates

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Northern Ireland landlord shifts from residential to commercial property, citing frustration with UK’s heavy tax burden on residential landlords.

Is the rental market still profitable?

Is the rental market still profitable?

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Over recent years, governments have tightened lettings legislation and increased the tax burden on landlords. Add on the current cost-of-living crisis, high mortgage rates, and the Renters (Reform) Bill making its way through Parliament, some landlords are understandably beginning to wonder if it’s

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Big council sets housing policy based on 'shrinking landlord numbers'

Big council sets housing policy based on 'shrinking landlord numbers'

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Barnet Council has announced new housing strategies based partly on its experience of a shrinking private rented sector. The London boroughs new Housing, Homelessness and Rough Sleeping Strategy proposes increasing the supply of affordable housing for rent and

BBC Panorama blames councils AND landlords for Britain's housing crisis

BBC Panorama blames councils AND landlords for Britain's housing crisis

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A council and housing association attracted as much criticism as private landlords in a Panorama investigation on the topic, Whats gone wrong with our housing? Last nights BBC1 programme initially talked about greedy landlords cashing in� at the B

TV star agrees higher landlord taxes are shrinking supply within rental market

TV star agrees higher landlord taxes are shrinking supply within rental market

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Property expert and TV presenter Phil Spencer believes landlords are being disadvantaged by tax rules that have made the profession less attractive to investors. He says landlords are being forced out of the sector, leaving both them and renters in a vicious circle. Speaking at

PODCAST: Leading legal expert highlights latest law updates for landlords

PODCAST: Leading legal expert highlights latest law updates for landlords

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Hosts Eddie Hooker and Paul Shamplina of the HFIS group are joined by David Smith , Head of Property Litigation at JMW Solicitors , legal advisor to the NRLA and a regular face in national media trusted for advising the private rented sector. <

OFFICIAL: Half of PRS properties tracked by ONS saw rent rises last year

OFFICIAL: Half of PRS properties tracked by ONS saw rent rises last year

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More than half the privately rented properties in England saw a rent rise in the last year, according to new figures from the Office for National Statistics. It reports that 50.6% of properties in England experienced a price increase in February compared to 36% in February 2022.

How could they? Landlord fined after renovation rubble dumped at roadside

How could they? Landlord fined after renovation rubble dumped at roadside

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A landlord has been fined for dumping piles of construction waste from his rental property on the side of a road. Timber, mattresses, carpets, tiles, and other household waste was removed from the house in Huntingdon as part of renovation works between tenants. Evide

Tenant makes unusual crowdfunding plea to pay �12,000 'upfront' rent

Tenant makes unusual crowdfunding plea to pay �12,000 'upfront' rent

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A mature international student has turned to a crowdfunding site to raise �12,000 after his landlord demanded a years rent upfront. Mohamed Elsawwah, who lives in Birmingham with his wife and three children, has been studying international business in the UK for the last eig

BREAKING: Landlords to be given more powers to evict 'unruly tenants'

BREAKING: Landlords to be given more powers to evict 'unruly tenants'

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The Government is preparing to compromise over its plans to abolish Section 21 'no fault' evictions by beefing up landlords ability to eject unruly tenants including those involved in anti-social behaviour, the Prime Minister has revealed. The initiative is part of the

Smaller portfolio landlords leaving sector, says BoE report

Smaller portfolio landlords leaving sector, says BoE report

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Smaller portfolio landlords quitting UK rental sector, says Bank of England: mounting costs & regulation driving exits, reducing rental supply.

BLOG: Why the fashion for 'landlord bashing' is incredibly ironic

BLOG: Why the fashion for 'landlord bashing' is incredibly ironic

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Landlord bashing isnt a new sport. Its been around since as long as anyone remembers and truthfully, no matter how sacred the PRS becomes, its always going to be a thing. Tenants defaulting on arrears will always look at an eviction notice with a level of intended cruel

The Conservative's home owning democracy is shot through with failure

The Conservative's home owning democracy is shot through with failure

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After 13 or so years of Conservative rule the Conservative promise of a stable home owning democracy has failed to materialise. They have got themselves into a bind over housing. Potential home buyers find it impossible to afford a deposit as well as pay interest rates that are

SHOUT OUT: Landlords with rent-to-rent experience to help in landmark case

SHOUT OUT: Landlords with rent-to-rent experience to help in landmark case

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The National Residential Landlords Association (NRLA ) wants to hear from landlords who have let property on a rent-to-rent basis so it can contribute to a high-profile case at the Supreme Court. It believes the outcome of the upcoming Rakusen v Jepsen appe

Rogue letting agent jailed after ripping off landlords in shocking case

Rogue letting agent jailed after ripping off landlords in shocking case

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A letting agency boss in the West Midlands has been jailed for two years and four months after ripping off landlords and tenants who used his firm. Bhavander Singh Sanghera , of Jesson Road, Walsall ran EBS Properties Ltd trading as Martin &amp; Co Wolverha

NEW: Huge reform of estate agency firms STILL being considered four years on

NEW: Huge reform of estate agency firms STILL being considered four years on

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The government has confirmed it is still deliberating whether to bring in property agency qualifications and minimum standards in the sector, almost four years after the Regulation of Property Agents (RoPA) published its recommendations. RoPAs report outlined proposals back i

LATEST: Ministers say new PRS Ombudsman must tackle mould complaints

LATEST: Ministers say new PRS Ombudsman must tackle mould complaints

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The Government has announced plans to tackle mould within the private and social housing sectors through updated guidance and iniatives. Announced late on Friday before a midnight deadline set by the Coroner during the inquest looking into the death of toddler Awaab Ishak, the i

Room for optimism in rental market despite agents' gloomy forecast

Room for optimism in rental market despite agents' gloomy forecast

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The majority of letting agents expect to see more landlords leave the market in 2023, against a backdrop of rising arrears and falling https://www.landlordzone.co.uk/news/december-dip-makes-small-dent-in-rising-house-prices/" house prices . Goodlord reveals tha

Government urged to ban sale of gas boilers within a decade

Government urged to ban sale of gas boilers within a decade

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New and replacement gas boilers should be banned by 2033, two years earlier than current plans, according to the governments net zero tsar. Conservative MP Chris Skidmore believes it should make the decision to decarbonise homes by next year to help the country meet its clima

Alarm as Scottish ministers look to extend rent controls

Alarm as Scottish ministers look to extend rent controls

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The Scottish government has admitted it is considering long-term proposals for rent control after the https://www.landlordzone.co.uk/news/leading-letting-agent-slams-chaotic-rent-freeze-announcement-in-scotland/" Cost of Living Act has expired. Minister for Te

Secretive landlord ordered to pay �37,000 for exploiting tenants

Secretive landlord ordered to pay �37,000 for exploiting tenants

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A rogue landlord who created false identities and fake letting agencies as part of an elaborate web of misinformation designed to exploit his tenants has been fined �12,000 and ordered to pay �25,000 costs. &nbsp; Thomas Flight, who owns flats on Portland Square in ht

Landlord deals to come under close scrutiny as cost-of-living rises bite

Landlord deals to come under close scrutiny as cost-of-living rises bite

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Tougher checks on lending to buy-to-let https://www.landlordzone.co.uk/news/office-blocks-and-high-streets-provide-hope-for-canny-investors/" investors are on the cards after the Bank of England warned it would scrutinise risky areas more heavily due to rising interest ra

Will the last landlord to leave Scotland please turn out lights?

Will the last landlord to leave Scotland please turn out lights?

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Scottish landlords exit amid stringent regulations and taxation; experts warn of worsening housing shortages and increased homelessness risk.

Experts join forces to share knowledge and raise redress standards

Experts join forces to share knowledge and raise redress standards

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The Property Redress Scheme's (PRS) advisory panel has chosen experts from across the sector to join its new member panel. The UKs largest lettings redress scheme, covering more than 13,250 letting agency branches, launched the panels as new, open, and transparent forums to b

Bid to ditch stamp duty benefit for BTL investors thrown out by MPs

Bid to ditch stamp duty benefit for BTL investors thrown out by MPs

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MPs have voted against an amendment to prevent a tax cut from applying to buyers of second and additional homes. During a debate on the Stamp Duty Land Tax (Reduction) Bill, Opposition Treasury Secretary Abena Oppong-Asare said that a clause which increases the threshold for peo

The average UK household will lose over �2,000 in income this year

The average UK household will lose over �2,000 in income this year

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According to a new report just out by the Resolution Foundation (RF), UK households face a torrid time in the coming months in what is going to be the worst cost-of-living crisis in living memory. Its the aftermath of a Covid pandemic that involved massive Government borrowin

Large fall in rent repayment cases as councils also scupper tenants' chances

Large fall in rent repayment cases as councils also scupper tenants' chances

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https://www.landlordzone.co.uk/news/judge-slams-arrogant-landlord-after-illegal-eviction-of-tenant-during-covid/" Rent Repayment Order (RRO) applications dropped significantly last year as tenants were put off by more restrictive Upper Tribunal and Court of Appeal decisio

Greater Manchester plea to sort out broken housing system

Greater Manchester plea to sort out broken housing system

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Housing groups across Greater https://www.landlordzone.co.uk/news/latest-manchester-landlords-given-last-chance-to-comment-on-licensing-expansion/" Manchester have urged MPs and local policymakers to step in and protect tenants from eviction, warning that the system is no

Commercial landlords struggle to see return on their investment

Commercial landlords struggle to see return on their investment

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Commercial capital property values fell 13% last year as rising interest rates impacted the sector, with industrial units taking the biggest hit. https://www.cbre.co.uk/" CBRE s monthly figures show values down 3% in December and annual total returns down by

Tenants forking out more for homes as rental price rises bite

Tenants forking out more for homes as rental price rises bite

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Private renters are facing an increase in housing costs, with rental price growth at its highest rate in the UK since records began in 2016. About a quarter (26%) of all renters (both private and social) surveyed between 7th and 18th December reported that their rent payments ha

BLOG: Ignoring deposit protection law can ruin some landlords - so seek advice

BLOG: Ignoring deposit protection law can ruin some landlords - so seek advice

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As landlords, we all know there is a wealth of legislation that we need to wrap our heads around to maintain compliance throughout the lifespan of a tenancy. Gas safety, energy efficiency, electrical safety, legionella risk assessments, insurances, prohibited payments, How to Rent, Right to

Landlords can no longer obstruct broadband upgrades

Landlords can no longer obstruct broadband upgrades

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New laws will make it easier for broadband companies to gain access to thousands of https://www.landlordzone.co.uk/news/latest-mps-gives-tenants-new-rights-to-have-high-speed-broadband-kit-installed-in-blocks/" blocks of flats across England and Wales. The Tel

Helping homeless to move on could be right up landlords' street

Helping homeless to move on could be right up landlords' street

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Landlords are being encouraged to donate the addresses of their vacant properties as part of a unique bid to stem homelessness. Dreamt up by architect Chris Hildrey, https://www.proxyaddress.co.uk/" ProxyAddress allows people to securely borrow a stable, donat

December dip makes small dent in rising house prices

December dip makes small dent in rising house prices

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Average house prices fell by -1.5% in December, while the annual growth rate dropped from +4.6% to +2.0%, according to the Halifax House Price Index. A typical property now costs �281,272 - down from �285,425 in November following six months of rapid growth during the firs

Industry finds holes in energy scheme's bid to cut bills

Industry finds holes in energy scheme's bid to cut bills

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Propertymark has voiced fears that the governments ECO plus scheme risks excluding many landlords with low-rated properties. In its response to the Department for Business, Energy and Industrial Strategys consultation into the scheme to help fund home insulation, the indus

Get a move on with PRS reforms, council tells Gove

Get a move on with PRS reforms, council tells Gove

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Cherwell District Council has pressed the government to urgently introduce the long-awaited Renters Reform Bill to help it rebalance the relationship between landlords and tenants. The north Oxfordshire authority has written to Housing Secretary Michael Gove asking him to bring