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Shock as 500,000 rental homes lost to Airbnb and others

By |2020-01-31T10:02:57+00:00January 31st, 2020|Property News|

Nearly half a million properties could be removed from the long-term lettings market as disenchanted landlords move to short-lets. A survey by the Association of Residential Letting Agents, in partnership with research consultancy Capital Economics, has been published to take the lid off the UK’s short-term lets sector and its implications...

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Asking rents hit new record according to latest Rightmove figures

By |2020-01-31T10:02:58+00:00January 31st, 2020|Property News|

London’s asking rents hit a new record average of £2,119 per calendar month as the ongoing shortage of property for tenants continues to increase rents.  Data from Rightmove suggests that rents in the capital are up by 4.2 per cent over the last year and 45 per cent up over the...

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High-flying Belvoir bats off fees ban to record another profits rise

By |2020-01-31T10:03:00+00:00January 31st, 2020|Property News|

Belvoir, which describes itself as the UK’s largest property franchise, has just released figures showing its 23rd successive year of uninterrupted profit growth. Revenue was up a whopping 43 per cent for 2019, to £19.5m - ahead of expectations. The property division achieved six per cent growth “more than overcoming the twin...

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Goal! The industry’s favourite five-a-side tournament is back…

By |2020-01-31T10:02:59+00:00January 31st, 2020|Property News|

It’s back - the five-a-side football tournament which made its successful debut last year with teams from the agency and property sectors makes a welcome return in 2020. This time it’s called The ValPal Network Cup, powered by Corporate 5’s, and teams from the property and construction industries are invited to...

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Prime London lettings market back in the black says Savills

By |2020-01-31T10:02:59+00:00January 31st, 2020|Property News|

The prime London lettings market has returned to growth after three years of falling rents, according to new five-year forecasts from Savills. The agency says prime London residential rents are forecast to rise by 10.9 per cent over the next five years, with a lower 6.7 per cent growth forecast across...

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Brexit: What will change after 11pm tonight?

By |2020-01-31T10:03:03+00:00January 31st, 2020|Property News|

The UK formally leaves the European Union at 11pm tonight, at which point it will instantly enter into an 11-month transition period and that means the UK will continue to abide by EU rules and pay money to the EU27.  But while most things will remain the same in the short-term,...

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Britain heading towards a rental crisis as BTL landlords switch to short-term lets

By |2020-01-31T10:03:04+00:00January 31st, 2020|Property News|

There has been a significant increase in the number of buy-to-let landlords who are considering converting their property to a short-term holiday let, new research shows.  Nationally, ARLA Propertymark estimates that as many as 500,000 private rented homes could soon switch from the traditional private rental market to holiday or short-let...

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Housing market set for a post-Brexit boost

By |2020-01-31T10:03:06+00:00January 31st, 2020|Property News|

The UK housing market has enjoyed a relatively strong start to 2020 after Boris Johnson’s general election victory ended Brexit uncertainty.  A lack of clarity over exactly when, or indeed if, the UK will leave the EU has caused much uncertainty in the market ever since the original Brexit vote in...

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Women in Property Investment – finding buyers the right home to invest in

By |2020-01-31T10:03:07+00:00January 31st, 2020|Property News|

In this week’s Women in Property Investment, we speak with Gemma Thomas, buying adviser for the northern Home Counties at Middleton Advisors – a property search specialist acting on behalf of private clients who wish to purchase or rent prime property in London and the country. When Gemma Thomas first moved...

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Growth in the number of short-term lets is bad news for the PRS

By |2020-01-31T10:03:05+00:00January 31st, 2020|Property News|

The tax and regulatory changes introduced in recent years have led to an increase in the number of landlords exiting the buy-to-let market, while others have focussed on switching to short-term lets, as a consequence of skewed policy that favours holiday homes over long-term properties to rent.  A fresh report published...

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