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Huge rise in agents witnessing rent rises compared to a year ago

By |2019-11-29T10:02:22+00:00November 29th, 2019|Property News|

The latest rental market snapshot from the Association of Residential Letting Agents suggests that 50 per cent of agents witnessed an increase in rent prices in October. This is down from 58 per cent in September, and is the lowest figure since June this year. However, year-on-year, this figure is up from...

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Airbnb short lets firm tries to woo landlords away from buy to let

By |2019-11-29T10:02:23+00:00November 29th, 2019|Property News|

A short lets firm that describes itself as an “Airbnb management service” is launching an advertising campaign to woo landlords away from buy to let. Nestify says it aims to encourage landlords to consider short or mid-term lets, alongside traditional long-term tenancies.  The advertising is taking the form of bus adverts in...

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Dawn raid finds 17 tenants crammed into sub-let HMO

By |2019-11-29T10:02:25+00:00November 29th, 2019|Property News|

A dawn raid by enforcement officers from a London council has discovered 17 men sleeping on mattresses in a three bedroom Home in Multiple Occupation. The raid followed a tip-off about a suspected unlicensed HMO. A statement from Brent council says the men were paying £50 a week to a head tenant...

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Rental homes at Tube stations – first details from lettings giant

By |2019-11-29T10:02:24+00:00November 29th, 2019|Property News|

More details have emerged of the long-term scheme to site Build To Rent homes at Transport for London tube stations and bus hubs. In April this year TfL selected Grainger as its Build To Rent partner for an initial seven seed sites, which will combined provide sites for 3,000 homes. The first...

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‘Temporary relief for tenants’ as fewer people see private rental prices rise

By |2019-11-29T10:02:26+00:00November 29th, 2019|Property News|

There was a further fall in the number of private renters experiencing rent increases in October providing some ‘temporary relief for tenants’, according to ARLA Propertymark.  The trade body for letting agents reports that half - 50% - of agents saw a rise in rent prices last month, which is down...

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Tenants discovered living in cramped conditions during dawn raid

By |2019-11-29T10:02:27+00:00November 29th, 2019|Property News|

Brent Council in north London will be taking action against a buy-to-let landlord who is accused of “exploiting tenants” after  17 men were found living in a three-bedroom terrace house in Coles Green Road, Dollis Hill, during a dawn raid yesterday.  Enforcement officers forced entry into the house on Thursday where...

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Still on track – house prices aren’t derailed by Crossrail delays

By |2019-11-29T10:02:29+00:00November 29th, 2019|Property News|

With Londoners facing further delays with Crossrail, London letting and sales agent Benham and Reeves analysed house prices along the route and whether this has impacted house price growth. Benham and Reeves looked at the average house price in the immediate areas surrounding each Crossrail station since it was approved over...

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The regeneration effect – new research suggests it results in strong price growth

By |2019-11-29T10:02:30+00:00November 29th, 2019|Property News|

Homes close to regeneration zones attract an average 3.6% more price growth per year than properties in the wider local authority area. That’s according to new research from CBRE, entitled The Regeneration Effect. For its research, global real estate firm CBRE analysed 11 long-term regeneration projects in London, most of which started...

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AIIC welcomes new deposit scheme that must include inventory reports

By |2019-11-29T10:02:28+00:00November 29th, 2019|Property News|

The Association of Independent Inventory Clerks (The AIIC) has unsurprisingly welcomed the launch of a new deposit protection service that requires all tenancy agreements to include a mandatory check in and check out inventory report. Ome, a new deposit alternative brand launched by Hamilton Fraser, includes its own adjudication service HF...

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Leading entrepreneur wins Woman of the Future Award

By |2019-11-29T10:02:32+00:00November 29th, 2019|Property News|

Property investment specialist Ayesha Ofori has won the Women of the Future Award for Real Estate, Infrastructure and Construction. The Women of the Future Awards celebrate the most innovative, determined and talented young women from across the UK in every field – from media and science, to sport and mentorship. Ofori was...

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