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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 investors scratching their heads and wondering:

Landlords are now selling at a record rate despite house price falls

Landlords are now selling at a record rate despite house price falls

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In an almost unanimous decision, landlords are throwing in the towel, opting to take the cash and sell their property portfolios. It seems that the gravy train for buy-to-lets

Political battles intensify over spread of noisy student HMOs in NI

Political battles intensify over spread of noisy student HMOs in NI

News

Northern Ireland officials have refused to get tougher on HMO landlords despite pleas from Belfast councillors that parts of the city are becoming over-run and affected by ant

Rental deposit alternatives catching on as interest rates and rents rise - claim

Rental deposit alternatives catching on as interest rates and rents rise - claim

News

Growing numbers of tenants are turning to deposit alternative products as inflation, high rents and interest rate rises make it more attractive to hold on to their money to sp

Letting agencies warned over 'illegal and outrageous' deposit deductions

Letting agencies warned over 'illegal and outrageous' deposit deductions

Opinion

A shocked landlord has revealed on social media that their letting agency illegally deducted its �tenant finding' fee from the tenancy deposits of the renters involved.</p

'Build-to-Rent doesn't cherry pick posh tenants' insists leading figure

'Build-to-Rent doesn't cherry pick posh tenants' insists leading figure

News

The boss of a build-to-rent (BTR) property search website has insisted the sector is not out to only attract more affluent tenants, despite criticism in the past that it does.

Ministry of Justice releases repair guide for private tenants

Ministry of Justice releases repair guide for private tenants

Information

The Ministry of Justice launches a tool to help tenants address repair issues with landlords, guiding them through legal options and support services.

Tribunals 'not fair and weighted towards tenants' says frustrated landlord

Tribunals 'not fair and weighted towards tenants' says frustrated landlord

News

A landlord who's being threatened with a massive rent repayment order has told of his frustration at a court system that is unfairly weighted towards tenants.

Landlords need clarity on changes to EPCs before it's too late, says property firm

Landlords need clarity on changes to EPCs before it's too late, says property firm

News

A well-known property firm has made the unusual move of criticising the Government for not letting landlords know how they will afford and implement the proposed tightending o

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NEW: Student accommodation now most popular investment among landlords

NEW: Student accommodation now most popular investment among landlords

News
News
Podcast
Opinion
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Universities are a key driver of BTL activity and lending as more landlords choose to invest in areas with large student populations.

Tenant hospitalised 'indefinitely' after admitting landlord's murder

Tenant hospitalised 'indefinitely' after admitting landlord's murder

News
News
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Opinion
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A former tenant who murdered her landlord and stabbed his cat to death has been given an indefinite hospital order.

Rogue gas-fitter jailed over dangerous work at property

Rogue gas-fitter jailed over dangerous work at property

News
News
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Opinion
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Antony Clifton, 52, was sentenced to 46 weeks in custody after he carried out the work while falsely claiming to be a member of the Gas Safe Register

Big Northern council takes another step towards HMO restrictions

Big Northern council takes another step towards HMO restrictions

News
News
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Opinion
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Information

County Durham hopes to restrict HMO conversions across the county amid fears that rising numbers are impacting communities.

Elderly and problem tenants rehomed as landlord celebrates “success” in selling 5 buy–to–lets

Elderly and problem tenants rehomed as landlord celebrates “success” in selling 5 buy–to–lets

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News
Podcast
Opinion
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Landlord Sales Agency turned tough landlord sales around fast. Five tricky properties sold in under 28 days.

MPs call for 'ban' on landlords demanding guarantors

MPs call for 'ban' on landlords demanding guarantors

News
News
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Opinion
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MPs are continuing to push the government to prevent landlords from making guarantor requests.

BTR 'not more expensive than private landlord properties' - CLAIM

BTR 'not more expensive than private landlord properties' - CLAIM

News
News
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Opinion
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Information

New figures have busted the myth that build-to-rent (BTR) homes are pricier than the PRS for many tenants.

Many lettings agents 'unprepared for renting reforms'

Many lettings agents 'unprepared for renting reforms'

News
News
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Opinion
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A surprising number of lettings agents are in the dark about the reforms set to transform the sector under the Renters’ Rights Bill.

Tenants dig deep to raise funds for major homelessness charity

Tenants dig deep to raise funds for major homelessness charity

News
News
Podcast
Opinion
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Information

mydeposits’ Total Property platform has raised a staggering £300,000 for youth homelessness charity Centrepoint since its launch last May.

Just 9% of homes sold by landlords in Scotland re-enter PRS market

Just 9% of homes sold by landlords in Scotland re-enter PRS market

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News
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Opinion
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Information

Only 9% of properties sold by landlords in Scotland in a recent 12-month period returned to the private rented sector, a new survey has found.

Only a fifth of landlords ready for new mandatory sanctions checks

Only a fifth of landlords ready for new mandatory sanctions checks

News
News
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Opinion
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Only a fifth of landlords and letting agents feel prepared for the new mandatory sanctions checks on all landlords and tenants.

Landlords investing in mixed-use property in bid for higher returns

Landlords investing in mixed-use property in bid for higher returns

News
News
Podcast
Opinion
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Information

More landlords are investing in mixed-use properties in their quest for more robust returns.

UK rent outside London hits record high of £1,349 monthly

UK rent outside London hits record high of £1,349 monthly

News
News
Podcast
Opinion
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Information

The average asking rent of a property outside of London has increased to a new record £1,349 a month, new data reveals.

Housing market cools as more properties hit the market

Housing market cools as more properties hit the market

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News
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Opinion
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Information

The number of homes for sale has reached a new height as demand among house hunters “cools”, it has been revealed.

COMMENT: How do you get started investing in property?

COMMENT: How do you get started investing in property?

Information
News
Podcast
Opinion
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How do you get started investing in property? A recent post on our LandlordZONE Forums got me thinking about this question

Buckinghamshire tenants pay highest rents in the country

Buckinghamshire tenants pay highest rents in the country

News
News
Podcast
Opinion
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Information

Tenants in Buckinghamshire fork out for the highest rents in the country - even more than those living in London’s prime SW7 postcode.

Paragon Bank launches cheapest buy-to-let five-year fix in almost three years

Paragon Bank launches cheapest buy-to-let five-year fix in almost three years

News
News
Podcast
Opinion
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Information

Paragon Bank has launched its cheapest buy-to-let five-year fix in almost three years, becoming the latest lender to offer landlords more attractive deals.

London Renters Union protest against “slumlords”

London Renters Union protest against “slumlords”

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News
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Opinion
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London Renters Union protested against “slumlords” in the capital at the weekend, calling for housing justice for all.

Older tenants face less financial security in retirement than owners

Older tenants face less financial security in retirement than owners

News
News
Podcast
Opinion
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Information

Older renters are heading for a bleak retirement with significantly less financial security than their homeowning peers.

Flawed possession grounds will cut student housing supply, NRLA warns

Flawed possession grounds will cut student housing supply, NRLA warns

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News
Podcast
Opinion
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Information

A flawed grounds for possession will reduce the supply of student housing, the NRLA has warned.

Landlords hit with £30K bills after cannabis gangs took over homes

Landlords hit with £30K bills after cannabis gangs took over homes

News
News
Podcast
Opinion
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Information

Landlords were left with bills of up to £30,000 after cannabis gangs took over their properties and left them unliveable.

More firms seek office space now than at any time before the pandemic

More firms seek office space now than at any time before the pandemic

News
News
Podcast
Opinion
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Information

More firms are looking to rent office space than at any time since before the pandemic, new Rightmove research has found.

Tribunal rebuked in London service charges case

Tribunal rebuked in London service charges case

News
News
Podcast
Opinion
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Information

A judge has given a First Tier Property Tribunal a ticking off for unfair conduct during a hearing over a dispute about leaseholder service charges.

The importance of increasing the availability of pet friendly homes

The importance of increasing the availability of pet friendly homes

News
News
Podcast
Opinion
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Information

Battersea is taking a stand to ensure tenants have the right to keep their pets while renting.

HMO sector valued at £78bn with £6.3bn annual rental income

HMO sector valued at £78bn with £6.3bn annual rental income

News
News
Podcast
Opinion
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Information

he HMO market has been valued at £78billion and generates annual rental income of £6.3billion.

New landlord channel promises raw take on the industry

New landlord channel promises raw take on the industry

News
News
Podcast
Opinion
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Information

Landlords looking for some no-nonsense straight talking about property can tune into Paul Shamplina’s new YouTube channel.

Landlords in Scotland urged to share views on rent controls

Landlords in Scotland urged to share views on rent controls

News
News
Podcast
Opinion
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Landlords in Scotland are being asked for their views on rent control exemptions and where rent could be increased above the rent cap.

Why inventories matter more than ever in a post Renters’ Rights Bill world

Why inventories matter more than ever in a post Renters’ Rights Bill world

News
News
Podcast
Opinion
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Inventories in a post Renters' Rights Bill world, have never mattered more.

More than one in ten landlords are being pushed out of the buy-to-market, claims new research

More than one in ten landlords are being pushed out of the buy-to-market, claims new research

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News
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More than one in ten landlords are being pushed out of the buy-to-market, according to new research.

Wealthy homeowners look to rent rather than sell their properties after scrapping of the non-dom tax regime

Wealthy homeowners look to rent rather than sell their properties after scrapping of the non-dom tax regime

News
News
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Opinion
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Information

Many wealthy property owners who are fleeing Britain due to this month’s abolition of the non-dom tax regime are opting to rent out rather than sell their homes

Tenant groups lay into landlords as the Renters’ Rights Bill passes through the Lords

Tenant groups lay into landlords as the Renters’ Rights Bill passes through the Lords

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News
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Opinion
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Tenant groups have laid into landlords as the Renters’ Rights Bill passes through the Lords.

Landlords encouraged to sign up to HMRC’s testing programme ahead of Making Tax Digital deadline

Landlords encouraged to sign up to HMRC’s testing programme ahead of Making Tax Digital deadline

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News
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Opinion
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Landlords have been encouraged to sign up to HMRC’s testing programme, with less than a year to go until those earning more than £50,000 need to use Making Tax Digital (MTD) for Income Tax.

The Mortgage Works boosts support for limited company landlords by removing need for all mortgage applicants to be directors

The Mortgage Works boosts support for limited company landlords by removing need for all mortgage applicants to be directors

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News
Podcast
Opinion
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The Mortgage Works has boosted its support for limited company landlords by removing the need for all mortgage applicants to be directors.

Can increasing the supply of rented housing bring down rents?

Can increasing the supply of rented housing bring down rents?

News
News
Podcast
Opinion
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Information

Despite promises by government & developers, house building progress is slow to affect rent levels