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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

News

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'

News

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

News

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

News

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

News

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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HMO exemption for asylum seekers could impact accommodation

HMO exemption for asylum seekers could impact accommodation

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Legal expert warns that exempting asylum seeker HMOs from licensing could lower accommodation standards and encourage subpar housing provisions.

Gove holds PRS roundtable as rental reforms loom

Gove holds PRS roundtable as rental reforms loom

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Housing Secretary Michael Gove meets with private rented sector leaders to discuss upcoming reforms, including the Renters Reform Bill.

'Reinstate mortgage interest tax relief for landlords', report urges Ministers

'Reinstate mortgage interest tax relief for landlords', report urges Ministers

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Landlords and letting agents have told a new poll that the Government must reverse its Section 24 mortgage interest relief tax changes as a priority to get the private rental sector back on track. Rent tech platform Goodlord conducted the research among some 1,500 agents,

Artificial Intelligence and the landlord’s lot…

Artificial Intelligence and the landlord’s lot…

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Talk of AI is all the rage right now, but have you thought about how you could use this revolutionary new development? ChatGPT is what is known as a natural language processing tool� driven by artificial intelligence (AI) technology that allows human-like conversations. Thi

Landlords slam Minister’s ‘appalling’ stance on LHA freeze

Landlords slam Minister’s ‘appalling’ stance on LHA freeze

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Landlords criticise Minister Mims Davies for lacking data on LHA freeze impact; NRLA urges urgent action to address housing affordability gap.

Leasehold reform 'will not be in King's speech' says former housing minister

Leasehold reform 'will not be in King's speech' says former housing minister

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Former housing minister Lord Greenhalgh has expressed doubts that leasehold reforms will be included in the Kings Speech this autumn. In an interview with Leasehold Knowledge, he said that despite being very complex legislation, the background work had been don

Edinburgh chief admits 'burdensome' licencing will hugely reduce holiday lets

Edinburgh chief admits 'burdensome' licencing will hugely reduce holiday lets

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Edinburgh council boss Cammy Day (main pic, right) has admitted that introducing licensing and new planning application rules will result in fewer holiday properties. Speaking to Australian news channel SBS, Day explai

Court fines unlucky but rogue landlord �12,000 over unlicensed HMO

Court fines unlucky but rogue landlord �12,000 over unlicensed HMO

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A landlord in Buckinghamshire is the latest to receive a large fine for operating an unlicenced HMO. Ahmad Kamal Younus, who owns a rental property on Ellsworth Road in High Wycombe, was recently found guilty of five offices Wycombe Magistrate Court by District Judge Sharma, inc

Meet the hero landlord who hasn't raised rents for 25 years

Meet the hero landlord who hasn't raised rents for 25 years

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A good Samaritan landlord is bucking the national trend by not raising his rents for more than 25 years. Mick Musson, who owns eight flats at the former Blue Horse Pub (inset), in Great Ponton, Lincolnshire, hasnt increased the rent since he took over the property, and now co

Landlord to pay huge rent repayment order over unlicenced HMO

Landlord to pay huge rent repayment order over unlicenced HMO

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A rogue landlord has been ordered to hand back nearly £34,000 to five tenants after failing to license his mouse-infested HMO.

'Abolishing Section 21 evictions won't stop homelessness'

'Abolishing Section 21 evictions won't stop homelessness'

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Ben Beadle, the Chief Executive of the NRLA, has told LandlordZONE that abolishing Section 21 evictions might sound noble, but it's won't make the private rented sector fairer overnight, as many campaigning groups and Labour MPs often claim.

Commercial property continues to struggle in a market downturn

Commercial property continues to struggle in a market downturn

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The UK commercial property market is in a downturn right now. As with the wider economy, commercial property is subject to economic cycles

Tenant campaigners call for controls on 'upfront payments'

Tenant campaigners call for controls on 'upfront payments'

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Tenants’ union Acorn has urged Labour to curb ‘upfront payments’ for new tenants to one month’s rent in a bid to make rented homes more affordable.

Council launches innovative solution to housing crisis

Council launches innovative solution to housing crisis

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Milton Keynes City Council has come up with an innovative scheme to top up rents for those moving from temporary accommodation into the PRS.

Renting reforms to have 'unintended consequences' warns agent leader

Renting reforms to have 'unintended consequences' warns agent leader

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Propertymark has warned that the Renters’ Rights Bill poses critical unintended consequences unless the government ensures a fair and balanced approach between landlord and tenant rights.

One of UK's largest portfolio landlords fined £97,000

One of UK's largest portfolio landlords fined £97,000

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A landlord with a string of more than 5,000 rental properties across the UK has been fined a whopping £97,000 over the ‘serious and deliberate’ failure to manage a block of flats in Sheffield.

Investment in the private rented sector unlocked

Investment in the private rented sector unlocked

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NRLA trainer Henry Davis explains how his Key to Property Investment course can help you stay ahead of the game.

Renting reforms will cause 'gridlock' in justice system says Badenoch

Renting reforms will cause 'gridlock' in justice system says Badenoch

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The government has been accused of pressing ahead with renter reform measures that will cause gridlock in the justice system, and pit landlords and tenants against each other in protracted litigation.

Few MPs defend landlords during Renters' Rights Bill debate in Commons

Few MPs defend landlords during Renters' Rights Bill debate in Commons

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Few MPs stood to defend landlords during yesterday’s second reading of the Renters' Rights Bill in parliament, but a few did - with all of them being Conservative.

Landlords 'selling up' ahead of expected CGT rise says RICS

Landlords 'selling up' ahead of expected CGT rise says RICS

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Landlords listing their properties for sale before potential capital gains tax rises are adding to a widening divide between supply and demand, report letting agents from around the UK.

Renting reforms 'to drive huge increase in tenancy disputes'

Renting reforms 'to drive huge increase in tenancy disputes'

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The Renters’ Rights Bill is expected to fuel a surge in tenancy disputes following a 20% rise last year.

Council to restrict HMOs despite 'no evidence' residents cause crime

Council to restrict HMOs despite 'no evidence' residents cause crime

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Walsall Council plans to implement an Article 4 Direction to restrict HMOs, despite acknowledging no strong evidence linking HMOs to crime.

Renting reforms 'will go nowhere unless courts properly funded'

Renting reforms 'will go nowhere unless courts properly funded'

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Lawyers have warned that an underfunded justice system will hinder any progress made in strengthening renters’ rights.

'Hold your nerve: Watch, wait, and don’t panic'

'Hold your nerve: Watch, wait, and don’t panic'

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Landlords urged not to panic amid reform and rate rises—demand stays high despite cost pressures.

Renters’ Rights Bill: how concerned should we be?

Renters’ Rights Bill: how concerned should we be?

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Here’s an initial reaction to the Renters’ Rights Bill, thoughts that could change as it progresses through parliament - the second reading is today.

New energy efficiency grants for landlords announced

New energy efficiency grants for landlords announced

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Government announces funding for EPC upgrades in low-income rental homes, but questions remain about coverage and affordability for landlords.

MPs to debate renting reforms today as Rayner promises law 'ASAP'

MPs to debate renting reforms today as Rayner promises law 'ASAP'

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The Renters’ Rights Bill will become law ‘as soon as possible’ housing secretary Angela Rayner has promised as parliament debates her legislation for the first time.

HMO landlords' fine appeal leads to £100,000 increase

HMO landlords' fine appeal leads to £100,000 increase

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A judge has massively increased the fines given to two HMO landlords who have failed in a legal challenge against their sentence.

WARNING: Abolishing ASTs will push landlords into short lets sector

WARNING: Abolishing ASTs will push landlords into short lets sector

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Removing fixed-term tenancies will drive up rents as landlords switch to short-term lets, warns Propertymark.

Landlord fined £22,600 after ignoring tenant safety warnings

Landlord fined £22,600 after ignoring tenant safety warnings

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A landlord with multiple properties in Bootle has been ordered to pay £22,630 for ignoring safety risks that left his tenants facing imminent danger.

Many tenants are becoming 'unrentable' says leading figure

Many tenants are becoming 'unrentable' says leading figure

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A significant number of people seeking properties to rent are finding themselves excluded and forced to live in temporary accommodation, it has been claimed, as landlords be become more risk averse.

Environmental health officers call for stronger landlord licencing

Environmental health officers call for stronger landlord licencing

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The Chartered Institute of Environmental Health (CIEH) has backed calls for better funding of councils’ housing enforcement and stronger selective licensing.

Landlords slam Labour's plan to tighten arrears eviction rules

Landlords slam Labour's plan to tighten arrears eviction rules

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Landlords have criticised the Government’s plan to raise the minimum period of rent arrears from two to three months before they can be served notice to repossess.

'Lease us your rented homes', Welsh Government urges landlords

'Lease us your rented homes', Welsh Government urges landlords

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The Welsh Government wants landlords to lease their empty properties to local councils in a bid to boost the number of affordable homes within its private rented sector.