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Trading Standards crackdown finds most agency websites illegal

By |2019-09-30T10:03:07+00:00September 30th, 2019|Property News|

A crackdown on letting agency websites by a Trading Standards team has found the significant majority of them to be breaking the law. Officers from the Brent and Harrow Trading Standards team checked 67 letting agent websites in both boroughs and found only 14 to be compliant with the law. The department...

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Regional agency scraps traditional offices in move to ‘hub’ concept

By |2019-09-30T10:03:08+00:00September 30th, 2019|Property News|

A leading lettings and sales agency in West Sussex is launching a hub-style structure centralising branch activities in a town centre. Michael Jones & Company says the hub in Worthing town centre will result in a much more customer-focused and service-oriented operation, as well as the creation of new jobs in...

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A fifth of rental homes would go if Section 21 is scrapped – claim

By |2019-09-30T10:03:09+00:00September 30th, 2019|Property News|

The private rented sector would shrink by 20 per cent if Section 21 ‘no-fault’ evictions are abolished, according to an economic report. ‘A new deal for renters? The unintended consequences of abolishing Section 21’ by Capital Economics - prepared on behalf of the National Landlords Association - also forecasts a 59...

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Short lets will push up mainstream rents unless regulated – warning

By |2019-09-30T10:03:09+00:00September 30th, 2019|Property News|

There’s a warning from a leading agent that the unregulated proliferation of Airbnb-style short lets will lead to mainstream rent rises for long term tenants. Karen Turner, director of lettings at prominent Scottish agency Rettie & Co, cites the example of Edinburgh where on average 10 per cent of rental stock...

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Scrapping Section 21 would lead to an acute shortage of rental homes

By |2019-09-30T10:03:11+00:00September 30th, 2019|Property News|

Abolishing the use of Section 21 notices to evict tenants would lead to a dearth of private rental properties across the UK, a new economic analysis report shows.  The report by Capital Economics on behalf of the National Landlords Association (NLA) forecasts that there will be a 20% drop in the...

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House prices are a blow for those seeking to ‘escape their generation rent’ status

By |2019-09-30T10:03:12+00:00September 30th, 2019|Property News|

Owning property is rapidly becoming the impossible dream in this country for many renters, especially when it comes to purchasing property in the UK’s biggest cities.  According to a new index published by property website Zoopla, the housing market is in the process of adjusting to more realistic pricing, and yet...

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Brent and Harrow Trading Standards target rogue letting agents

By |2019-09-30T10:03:14+00:00September 30th, 2019|Property News|

Council officers from Brent and Harrow Trading Standards have pledged to clampdown on unscrupulous letting agents in the London boroughs of Brent and Harrow by investigating companies that fail to protect landlords and tenants' interests by ignoring rules around the fees they intend to charge.  Officers from Brent and Harrow Trading...

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Claim – why landlords should be cautious about Airbnb

By |2019-09-30T10:03:15+00:00September 30th, 2019|Property News|

A leading property management firm has warned UK landlords to be cautious about turning to Airbnb and other short-term online lettings outlets to counter falling earnings. Apropos by DJ Alexander, one of the UK’s largest family-run property management businesses, believes that financial and regulatory changes have seriously affected the viability of...

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Former Shredded Wheat factory set for transformation

By |2019-09-30T10:03:16+00:00September 30th, 2019|Property News|

A former Shredded Wheat factory in Welwyn Garden City is ready to be transformed thanks to a £21.2 million loan from Octopus Real Estate. The specialist UK real estate investor, which is part of Octopus Group, has agreed to provide the funds to Wheat Quarter Ltd to convert a brownfield site...

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Prime London lettings market shows signs of recovery

By |2019-09-30T10:03:19+00:00September 30th, 2019|Property News|

The prime lettings market in the capital is showing signs of strength, according to agency Russell Simpson. The firm says it has recently secured a number of quick-fire lets, with some properties being snapped up by tenants on the day they came to market. For example, a penthouse apartment on Redcliffe Square...

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