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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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Lib Dem manifesto promises renters a fair deal

Lib Dem manifesto promises renters a fair deal

News
News
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Opinion
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The Liberal Democrats have vowed to make three-year tenancies the default and to require landlords to achieve an EPC C or above by 2028.

mydeposits and No Letting Go launch strategic partnership

mydeposits and No Letting Go launch strategic partnership

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News
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Opinion
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mydeposits partners with No Letting Go to enhance inventory management and deposit protection for landlords and agents.

When does a tenancy legally commence?

When does a tenancy legally commence?

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News
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Opinion
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A tenancy agreement between the landlord and the tenant is just like any other contract, it is legally binding on both parties.

Letting agent's contract renewal email spurs author to write book

Letting agent's contract renewal email spurs author to write book

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News
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Opinion
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A private tenant has been inspired to pen her first novel by a contract renewal email sent by a letting agent - and has even named it after the letting platform involved.

Irony of ironies: Gove 'evicted' from his Ministerial home!

Irony of ironies: Gove 'evicted' from his Ministerial home!

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News
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Opinion
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Housing Secretary Michael Gove faces eviction from his government-owned mansion on 5th July, the morning after the election.

HMO group wins gong for changing official tax policy

HMO group wins gong for changing official tax policy

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News
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Opinion
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HMO Reform Group won a Lifetime Achievement Award at this year’s annual HMO Awards for its campaigning work to change the law on council tax being imposed on individual HMO rooms.

Next Government 'must fund better enforcement of rogue landlords'

Next Government 'must fund better enforcement of rogue landlords'

News
News
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Opinion
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Rogue landlords continue to give the sector a bad name because many councils enforce private rented sector standards weakly or not at all, a new report reveals.

Labour to help thousands of tenants get on the property ladder

Labour to help thousands of tenants get on the property ladder

News
News
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Opinion
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Labour has revealed an uncosted plan to help 80,000 young renters get onto the property ladder, assuming his party gains power atthe General Election.

WARNING: 'Bashing landlords will make PRS as bad as social homes'

WARNING: 'Bashing landlords will make PRS as bad as social homes'

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News
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Standards in the PRS will soon fall to those in the social sector if regulation and licensing continues to push smaller landlords out, a leading letting agent and landlord has warned.

Energy firms called out over HMO tenant utility bill problems

Energy firms called out over HMO tenant utility bill problems

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News
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Opinion
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A tenants’ champion has slammed energy companies for failing to help renters with energy bill problems at HMOs.

Landlords fume after letting agency shuts down owing money

Landlords fume after letting agency shuts down owing money

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News
Podcast
Opinion
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Northwood letting agency in Romford has gone bust, leaving angry landlords out of pocket.

Most labour-voting landlords now regret their decision

Most labour-voting landlords now regret their decision

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News
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Most landlords who voted Labour wouldn’t do it again, a new survey from buy-to-lender Landbay has found.

RICS reports first dip in tenant demand since 2020

RICS reports first dip in tenant demand since 2020

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News
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Opinion
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Surveyors are the latest group to report a cooling rental market in the UK, with a slowing in demand among tenants for the first time since 2020.

Big town in south reveals plans for more HMO licencing

Big town in south reveals plans for more HMO licencing

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News
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Opinion
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Reading Council has given the go-ahead for an additional licensing scheme in the town – and defended the rising costs set to hit landlords.

Campaigners urge MPs to back more severe renting reforms

Campaigners urge MPs to back more severe renting reforms

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News
Podcast
Opinion
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Information

Generation Rent has urged renters to get more MPs backing amendments to the Renters’ Rights Bill.

LATEST: Rental market cooling as landlord 'sell off' eases

LATEST: Rental market cooling as landlord 'sell off' eases

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News
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Opinion
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Information

Rental growth in the UK has dropped to 3.9%, its lowest level in more than three years and down from 9.1% a year ago.

Demand for accessible homes grows as renting population ages

Demand for accessible homes grows as renting population ages

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News
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Opinion
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Demand for accessible homes is growing as the tenant population ages, a leading estate agency has reported, calling on Labour to help landlords finance upgrades.

COMMENT: Tax trap has landlords in a quandary

COMMENT: Tax trap has landlords in a quandary

Opinion
News
Podcast
Opinion
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Information

With substantial capital gains gathered within your properties, selling the whole portfolio will probably leave you exposed to a substantial capital gains tax bill

Welsh Government reveals 'baffling' stamp duty rise for landlords

Welsh Government reveals 'baffling' stamp duty rise for landlords

News
News
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Opinion
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Information

The Welsh Government has followed its counterparts in England and Scotland and raised the stamp duty that landlords buying rental properties must pay, effective from tomorrow.

Renting reforms will be 'costly ride' for landlords warns expert

Renting reforms will be 'costly ride' for landlords warns expert

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News
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Opinion
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Landlords may need to prepare for a turbulent and potentially very costly ride once the Renters’ Rights Bill becomes law, a financial expert has warned.

Judge orders landlord to pay back tenants £44,000

Judge orders landlord to pay back tenants £44,000

News
News
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Opinion
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Information

A landlord has been ordered to pay six tenants a whopping £44,358 after failing to provide an excuse for operating an unlicensed HMO.

People over 55 years old are 'fastest-growing tenant group'

People over 55 years old are 'fastest-growing tenant group'

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News
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Opinion
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Tenants heading for retirement age are the fastest growing group privately renting in England, according to new figures.

Campaigners target landlord's workplace over leaky flat

Campaigners target landlord's workplace over leaky flat

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News
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Information

Tenant group Acorn has protested outside a landlord’s shop after he refused to return a former tenant’s deposit in a dispute over a leak.

City council slammed for 'double standards' over HMO licensing

City council slammed for 'double standards' over HMO licensing

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News
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Opinion
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Information

Edinburgh Council has responded to accusations of double standards when housing homeless people in 30 unlicensed HMOs by moving tenants out of the properties.

Northern council targets HMOs with new planning rules

Northern council targets HMOs with new planning rules

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News
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Opinion
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Information

Hyndburn Council wants to deter landlords from making the most of its cheap properties and ‘multiple deprivation’ by clamping down on HMO conversions.

Landlord Christmas carol reflects on rental sector

Landlord Christmas carol reflects on rental sector

Opinion
News
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Opinion
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As we approach the festive season of 2024, like many of us, I find myself drawn to Charles Dickens's timeless tale, A Christmas Carol.

NEW: Landlords 'most worried' by tax rises and renting reforms

NEW: Landlords 'most worried' by tax rises and renting reforms

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News
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Landlords blame upcoming legislation and tax changes for causing 73% of them to feel less confident than they did last year.

Rent rises 'out of control' says tenant campaigning group

Rent rises 'out of control' says tenant campaigning group

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News
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Renter groups have called on the government to do more to tackle ‘out of control’ rents, as a government survey reveals that more than a third of landlords increasing rents on new tenancies did so by at least 15%.

More landlords planning to sell properties

More landlords planning to sell properties

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News
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Nearly a third of landlords plan to reduce the size of their portfolio in the next two years, with 16% aiming to sell all their properties, official research shows.

Banning tenant fees has been a success - claim academics

Banning tenant fees has been a success - claim academics

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News
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The 2019 Tenant Fees Act, which over the past five years has severely restricted what fees landlords and letting agents can charge tenants, has been a success, two academics have claimed.

New partnership to help landlords manage changeovers better

New partnership to help landlords manage changeovers better

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News
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Opinion
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A partnership has been agreed that will enable landlord who are members of the National Residential Landlords Association and letting agents to better manage tenancy changeovers, for free.

Business Tenancies: reviewing the Landlord & Tenant Act 1954

Business Tenancies: reviewing the Landlord & Tenant Act 1954

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News
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The Law Commission is reviewing Part 2 of the Landlord and Tenant Act 1954 (LTA) to “ensure that it works for today’s commercial leasehold market.”

TV star named 'best speaker' during landlord show awards

TV star named 'best speaker' during landlord show awards

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News
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TV star and Landlord Action founder Paul Shamplina has been named seminar speaker of the year, fighting off competition from 38 other candidates.

'Game changer' heat pump installation service for landlords launches

'Game changer' heat pump installation service for landlords launches

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News
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Home energy installation company BOXT aims to revolutionise the way heating systems are installed in private rented homes.