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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

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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

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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Many UK buildings are in danger of becoming unusable in heatwaves

Many UK buildings are in danger of becoming unusable in heatwaves

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As temperatures in England and Wales soar this week, many office buildings will become unusable says real estate sustainability expert Chris Bennett of consultancy https://evoraglobal.com/" target="_blank" Evora Global - it should act as a powerful warning for real estate

'War on landlords' latest - 46,000 rental properties to disappear this year

'War on landlords' latest - 46,000 rental properties to disappear this year

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An estate agency has claimed that the governments war on landlords will cost the private rented market some 46,000 this year, or some 3,800 every month. Hamptons , which has branches all over the UK, says its research confirms that, as LandlordZONE

The cost of living crisis affects landlords as well as tenants

The cost of living crisis affects landlords as well as tenants

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With the cost of living crisis being the political issue of the day, and a political leadership contest underway, theres something of a hiatus in the way its being dealt with. But the situation is now quite urgent. Financial distress is now higher than during the pandemic.

Frustrated landlord quits after 20 years in the sector

Frustrated landlord quits after 20 years in the sector

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After 20 years, landlord Sue quits the sector, citing frustration with anti-landlord sentiment and increasing regulatory burdens.

Minister defends excluding PBSA from tenancy changes

Minister defends excluding PBSA from tenancy changes

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Minister defends exempting student housing from new tenancy rules to keep in step with academic year agreements/

EXCLUSIVE: Can landlords still access councils' empty homes funding?

EXCLUSIVE: Can landlords still access councils' empty homes funding?

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Landlords with empty properties are being urged to take advantage of council cash to help fight the housing shortage. About 300 councils currently offer a scheme mainly loans to carry out repairs - although some provide grants, usually ranging from �5,000 to more than �25,

What landlords letting abroad need to know about Making Tax Digital

What landlords letting abroad need to know about Making Tax Digital

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Letting out property abroad can be a great way of generating extra income. The property might have been bought primarily as an investment but for others or it could be second or holiday home let out when not in use. There are plenty of things to think about, though.

LATEST: Leicester ploughs on with selective licensing despite landlord criticism

LATEST: Leicester ploughs on with selective licensing despite landlord criticism

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Leicester is going ahead with its selective licensing extension in three areas of the city, charging landlords �1,090 per property - the highest fee in the Midlands. The council is introducing the scheme in parts of Westcotes, Fosse, Braunstone Park and Rowley Fields wards, whi

Landlords told to 'brace themselves' for inspections at 29,000 properties

Landlords told to 'brace themselves' for inspections at 29,000 properties

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Durham Council has warned landlords covered by its new selective licensing scheme to brace themselves for inspections next month. At least 29,000 properties, 42% of the countys PRS, are covered by the scheme which launched in April after winning government approval. <p id

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.

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

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

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

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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

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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.

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

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

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

Landlord shocked after bank paints unauthorised mural all over rented house

Landlord shocked after bank paints unauthorised mural all over rented house

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Impending oil boiler ban will affect many rental properties

Impending oil boiler ban will affect many rental properties

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

'HMRC figures show landlord exodus began TWO years ago', says Savills

'HMRC figures show landlord exodus began TWO years ago', says Savills

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New data analysis confirms a rise in buy-to-let landlords selling properties during the past two years and the potential for more properties to leave the sector.

POLL: Landlords worried over plans to bring in compulsory ombudsman

POLL: Landlords worried over plans to bring in compulsory ombudsman

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Nearly 60% of landlords are either against or not convinced by the Government's plans to bring in mandatory membership of an ombudsman for all landlords in England, it has b

Is it fair when landlords are charged huge arrangement fees for BTL mortgages?

Is it fair when landlords are charged huge arrangement fees for BTL mortgages?

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A mortgage expert has advised landlords not to be put off by high arrangement fees on BTL mortgages, but some landlords and brokers have accussed lenders of profiteering.

EXCLUSIVE: New licencing schemes to rise by 31% in 2023 says data firm

EXCLUSIVE: New licencing schemes to rise by 31% in 2023 says data firm

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The number of selective and HMO additional licensing schemes launched this year has already equalled last year's total as councils come under pressure to tackle private rent

Town declares housing crisis blaming 'skyrocketing' rents partly on landlord exodus

Town declares housing crisis blaming 'skyrocketing' rents partly on landlord exodus

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A town council in the SW has declared a �housing crisis' blaming affluent new arrival renters but also 'landlords pulling out of the market' for rapidly-rising rents.

UPDATED: Bed bugs, an increasingly common problem in rentals...

UPDATED: Bed bugs, an increasingly common problem in rentals...

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Bedbug Pest Control: There's been an explosion in the incidence of bed bugs that Rentoki

'Ministers must tackle tenants who abandon homes and cost landlords £1,000s'

'Ministers must tackle tenants who abandon homes and cost landlords £1,000s'

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Property sector bosses have urged the government to give landlords stronger laws to take back possession of their property if it has been abandoned.