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UK Property Market Summary and Predictions for 2023

UK Property Market Summary and Predictions for 2023

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Read the UK property market recap with expert forecasts for 2023 and 2024, from price trends to investor insights.

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

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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

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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

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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

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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

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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

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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

Landlords say they'll 'shut down HMOs' if new rules aren't amended

Landlords say they'll 'shut down HMOs' if new rules aren't amended

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Scores of HMO landlords in Portsmouth have threatened to sell up or convert their properties to family lets once a new additional scheme launches next month.

Court delays for landlords at their worst for 30 years

Court delays for landlords at their worst for 30 years

News

Evictions expert Paul Shamplina says UK court delays for landlords are the worst ever he’s seen during his legal career within the private rented sector.

NEW: More landlords selling properties than buying as pressure builds on BTL

NEW: More landlords selling properties than buying as pressure builds on BTL

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The full impact of Tory policies and rising mortgage interest rates have been highlighted by new research commissioned by the National Residential Landlords Association (NRLA)

Landlords looking to re-mortgage 'should fix ASAP before another rate rise'

Landlords looking to re-mortgage 'should fix ASAP before another rate rise'

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Specialist buy-to-let broker Mortgages For Business (MFB) has urged landlords approaching re-mortgage to secure a new rate as early as possible following the latest update on

Court delays for landlords evicting tenants 'at their worst for 30 years'

Court delays for landlords evicting tenants 'at their worst for 30 years'

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Evictions expert Paul Shamplina says UK court delays for landlords are the worst ever he's seen during his career within the private rented sector.

Landlords face £4,000 loss due to rising mortgage rates

Landlords face £4,000 loss due to rising mortgage rates

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Landlords have effectively lost more than �4,000 in earnings per property during the last year thanks to soaring mortgage rates and rising costs.

Landlord shocked after bank paints unauthorised mural all over rented house

Landlord shocked after bank paints unauthorised mural all over rented house

News

Even upmarket landlords face 'stark choices' now says leading property figure

Even upmarket landlords face 'stark choices' now says leading property figure

News

Landlords in the capital's prime rental sector are facing a stark choice between topping up a rent shortfall or selling up.

Impending oil boiler ban will affect many rental properties

Impending oil boiler ban will affect many rental properties

Information

UK's oil boiler ban for off-grid homes delayed to 2035; landlords face retrofit challenges with heat pumps in rural properties.

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Tax shock for furnished holiday let owners – how to react while there’s still time

Tax shock for furnished holiday let owners – how to react while there’s still time

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If you are involved with Furnished Holiday Lets you are probably be aware by now that there are far reaching tax changes coming - what to do about them?

Record fines for London landlords push total to £10 million

Record fines for London landlords push total to £10 million

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Total fines for London’s rogue landlords and agents have topped £10 million since the rogue landlord database launched in 2017.

Big money to spend £17 billion in South and Midlands building rental houses

Big money to spend £17 billion in South and Midlands building rental houses

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Private landlords face a significant increase in competition from corporate operators within the rented sector as investors reveal a £17 billion, 60,000-home building programme concentrated on the South and Midlands.

Court costs for landlords 'will keep on rising' predicts lawyer

Court costs for landlords 'will keep on rising' predicts lawyer

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It’s almost inevitable that court fees will have to rise considerably, and probably sooner than 2025/6 unless alternative funding is added direct from the Treasury, according to property lawyer David Smith.

Accreditation key to tenant confidence

Accreditation key to tenant confidence

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Accreditation boosts tenant trust—discover how landlord schemes strengthen letting confidence.

Sadiq Khan vows to 'hold landlords to account' as re-election looms

Sadiq Khan vows to 'hold landlords to account' as re-election looms

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London mayor Sadiq Khan has vowed to build 6,000 new ‘rent control’ homes across London if he’s elected for a third term in next month’s election.

London council goes live with bigger selective licencing scheme

London council goes live with bigger selective licencing scheme

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Redbridge Council has gone live with its big new selective licencing scheme that applies to most private rented properties in 15 of the London borough’s wards.

New visa rules for foreigners 'not damaging student housing market'

New visa rules for foreigners 'not damaging student housing market'

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Unite Students is poised to report rental income growth of at least 6% due to sustained demand, despite new visa rules affecting international students.

Wales to follow England's landlord stamp duty reliefs withdrawal

Wales to follow England's landlord stamp duty reliefs withdrawal

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Landlords and property investors who buy privately-held multi-property portfolios in Wales are to lose another tax perk.

Council denies keeping landlords in the dark as huge licensing scheme launches

Council denies keeping landlords in the dark as huge licensing scheme launches

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Durham Council waited three weeks after launching its selective licensing scheme to share the news on its website potentially leaving some landlords in the dark. Despite announcing it had won approval back in December for a launch on 1st April, the council

Demand for industrial property outstrips expectations

Demand for industrial property outstrips expectations

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As reported by Bdaily's Members' News, Coventry-based commercial property agent Bromwich Hardy says that the market in key parts of the midlands is now becoming highly competitive and just as active are markets further south. Across the regions agents are finding that demand is running ahea

Is hybrid working the future and what are the implications for property?

Is hybrid working the future and what are the implications for property?

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A wide range of research has been conducted recently about the shift to hybrid working. A https://yougov.co.uk/topics/economy/articles-reports/2020/09/22/most-workers-want-work-home-after-covid-19" target="_blank" YouGov survey and https://www.cipd.co.uk/knowledg

HMO capital values outstrip rest of housing market by 32%, research reveals

HMO capital values outstrip rest of housing market by 32%, research reveals

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The average HMO is now worth �364,508, 32% more than the typical house, according to new research which finds that trickier financing and licensing schemes have not deterred landlords from investing in the sector. On the contrary demand for HMOs among landlords, and the restric

CLADDING: Why are landlords being singled out?

CLADDING: Why are landlords being singled out?

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Landlords face costly cladding repairs excluded from funds. Experts call for policy change to support fair safety funding.

Yet another property scam artist is exposed!

Yet another property scam artist is exposed!

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Sam Eustace, 36, from Sutton in south London has been disqualified as a director for 11 years for operating a Ponzi style property scheme. Kingsman Property Ltd offered property owners a guaranteed rent by taking over their properties and managing them in a https://www.

BREAKING: Landlord wins £100k after harassment by tenants union ACORN

BREAKING: Landlord wins £100k after harassment by tenants union ACORN

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A landlord has won �100,000 in damages from tenants union ACORN for organising a campaign of harassment against her. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329eff8e3a4af45/64cb99116f692db

End of lease repairs - what do landlords need to know?

End of lease repairs - what do landlords need to know?

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The end of a tenancy can be a stressful time for landlords, faced with a range of repairs before they can relet the property. "Dilapidations" is the term generally used to refer to the process a landlord needs to follow to recover any loss they may have suffered as a result of t

HMO landlords warned not to over-charge 'all inclusive' tenants as energy bills soar

HMO landlords warned not to over-charge 'all inclusive' tenants as energy bills soar

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Following energy regulator Ofgems decision to https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april" raise the price cap by nearly £700 a year per household, HMO landlords have been warned to observe the maximum resale value

Awards scheme for HMO landlords launched to highlight best operators

Awards scheme for HMO landlords launched to highlight best operators

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A new property awards has launched that aims to celebrate good landlords in the previously neglected HMO sector. The HMO Awards is dedicated to highlighting good practice and will hand out gongs to HMO agents, operators and investors at a ceremony with a difference that aims to

LATEST: Greenwich agrees £2.6m selective licensing scheme after Covid delay

LATEST: Greenwich agrees £2.6m selective licensing scheme after Covid delay

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The London borough of Greenwich has re-started its planned roll-out of selective licensing across three of its key areas Woolwich, Plumstead and Shooters Hill. Expected to go live at the beginning of July following its Cabinet committee decision, this means nearly a fifth of

Company linked to high profile investor put into liquidation owing �1.5m

Company linked to high profile investor put into liquidation owing �1.5m

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A high-profile property investor hailed as a rent-to-rent success story has put his company StayBC Ltd into liquidation, owing creditors nearly �1.5 million.<br><br>Newport-based Ben Brand charted his rapid rise on social media, describing his introduction to the property sector after atte

How can landlords afford to upgrade their properties to EPC band C by 2025?

How can landlords afford to upgrade their properties to EPC band C by 2025?

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Like almost all industries the housing market is increasing its efforts to tackle climate change. Households account for 40% of the UKs carbon footprint and the government has forced landlords to move more quickly than others, and from 2025, all properties in the private rent

How can landlords make their properties more energy efficient?

How can landlords make their properties more energy efficient?

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Practical ways landlords can boost property energy efficiency, cut costs, and meet EPC rules.

Barrister warns landlords over pitfalls of offering Ukrainian refugees whole properties

Barrister warns landlords over pitfalls of offering Ukrainian refugees whole properties

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Landlords have been warned about the legal pitfalls of offering a home to Ukrainians fleeing the war. The governments newly launched Homes for Ukraine scheme lets individuals and businesses �360 a month to provide a spare room or separate self-contained accommodation for ref

It's time to consider challenging your business rates calculation, says RVA Surveyors

It's time to consider challenging your business rates calculation, says RVA Surveyors

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Business rates or non-domestic rates are a variant of a 500-year-old tax, the current version of which was introduced in 1990 to fund local services based on property values, raising approximately �25 billion a year. RVA Surveyors are business rates reduction specialists who ha

LATEST: Arguments over social problems linked to HMOs hot up in Hartlepool

LATEST: Arguments over social problems linked to HMOs hot up in Hartlepool

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Labour councillors in Hartlepool campaigning to restrict HMOs in the town have been told to find evidence of problems caused by shared properties. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2f3c329ef

High Street banks will be gone by 2025

High Street banks will be gone by 2025

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Thats the prediction made by the Economist Intelligence Unit (EIU) and banking software company, Temenos. Temenos AG is a company specialising in enterprise software for banks and financial services headquartered in Geneva, Switzerland. An overwhelming proportion of European

New TV series highlights property fraud

New TV series highlights property fraud

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A new four-part ITV drama series starting tonight is based around title fraud which can rob you of your property. Downton Abbey actress Tuppence Middleton and Line of Duty star actor Martin Compston portray a couple who become victims of the little-known crime of house hijacking

UNFAIR': Landlord faces �5,000 fine for deposit protected six months late by her lettings agency

UNFAIR': Landlord faces �5,000 fine for deposit protected six months late by her lettings agency

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A landlord with a property in West Essex has urged LandlordZONE readers to be more careful when trusting agents to protect their tenants deposits via one of the governments approved schemes after a vindictive renter took her to a property

LATEST: HMO landlords must not pocket tenant's �150 council tax rebate, warn MPs

LATEST: HMO landlords must not pocket tenant's �150 council tax rebate, warn MPs

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A cross-party group of MPs has urged the government to ensure HMO and other 'all inclusive' landlords dont pocket multiple council tax rebates under its new scheme https://www.gov.uk/government/news/households-urged-to-get-ready-for-150-council-tax-rebate" target="_blank"

Wales clamps down on holiday lets with draconian new council tax rules

Wales clamps down on holiday lets with draconian new council tax rules

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The Welsh Government is to bring in its https://www.landlordzone.co.uk/news/welsh-government-to-wage-new-war-on-holiday-lets/" promised local tax rules for holiday lets to address the problem of unaffordable housing. Self-catering accomm

LATEST: Landlord wins review of selective licensing scheme for 'value for money'

LATEST: Landlord wins review of selective licensing scheme for 'value for money'

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External auditors are to investigate selective licensing in Nottingham following a complaint about whether it provides value for money. One of the citys landlords has made a formal objection about the scheme which charges them up to �890 every five years for each rental prop

Wave of 'unfair' HMO council tax revaluations revealed that can QUADRUPLE bills

Wave of 'unfair' HMO council tax revaluations revealed that can QUADRUPLE bills

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Councils are seeking to reclassify HMO properties as multiple single dwellings for council tax purposes to raise additional revenue, it has been reported. <figure id="" class="w-richtext-figure-type- " data-rt-type="" data-rt-align=""><div><img src="https://cdn.prod.website-files.com/63bef2

EXCLUSIVE: Lettings firm goes bust leaving trail of 200 unprotected deposits

EXCLUSIVE: Lettings firm goes bust leaving trail of 200 unprotected deposits

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A long-established letting agent has gone bust, leaving more than 200 deposits unprotected and many landlords without tenancy agreements and gas and EPC certificates. Pendley Estates in Kings Langley, Hertfordshire, was a formerly reputable firm that had been trading since the 1