The demand for rental property in the United Kingdom has reached record levels. A recent government report has shown that since 2001, the number of homes in the private rental sector has increased from 1 million, to 3.2 million. The private rental sector has become much more appealing recently with tenants being either unable or [...]
Rental Fire Sale will lead to Housing Shortage. The Chancellor must ensure landlords are not driven from the market by any rises in Capital Gains Tax in his first Budget next week, according to the Association of Residential Letting Agents (ARLA). ARLA is calling on the Government to treat private rented property as an ‘entrepreneurial business activity’ [...]
An increasing number of savers are investing their money in buy-to-let properties amid fears that their pension will be insufficient to fund their retirement, one expert has stated. Keith Churchouse, director of Churchouse Financial Planning, says that many people put their money into what they considered to be safe pension schemes, which have gone on [...]
UK property asking prices fell for the second month in succession as the market was hit by over-supply and subdued activity in the summer holidays. The research by property website Rightmove, found sellers trim asking prices slip by 1.7% during the month to August 7. This sent the average asking value down £4,091 to £232,241. This [...]