A London council says nearly half of the Airbnb-style short let properties available in its patch last year exceeded their legal 90-night letting allowance. Camden council collected data on entire homes available for short term let throughout 2019 and of the approximately 7,100 homes available, about 3,400 - some 48 per...
The Property Ombudsman has expelled five agencies, mostly for failures to honour awards: four of them are lettings operations and one disputes its status as an agency. Several of the firms are no longer trading. DMF Inventories of Milton Keynes failed to register a landlord’s deposit with the Deposit Protection Service,...
A lettings agency owner has spoken about his bid to restore his firm's reputation after it was destroyed by a former employee. Earlier this month we reported that Jane Russell was disqualified by the Insolvency Service from managing companies for five years after she failed to safeguard £28,000 worth of tenants’ deposits...
Two bedroom properties produce the best yields for buy to let investors according to the latest research. Lettings management platform Howsy has looked at current rental yields across one bed, two bed, three bed and four-or-more bed properties; it’s assessed the average cost of buying each property type and the average...
Grainger, one of the biggest names in Build To Rent, has agreed to buy a proposed 348 home-scheme in central Nottingham. The listed BTR firm will pay £55.6m to the current site owner, Blocwork, which is hosting the scheme that has been a joint venture between Network Rail and London developer...
The private rented sector is set to see the sustained growth of rental values seen throughout the course of last year continue into the new decade, the latest government index suggests. The latest data from the Office for National Statistics for the UK for January 2020 show that private rents rose by...
The severe weather that brought heavy rain and strong winds across the UK and flooded hundreds of properties this month is estimated to cost in the region of £425m in insurance claims. Insurance analysts at PwC estimate that damage to homes, businesses and cars just from Strom Dennis last month could be...
The UK’s second city could see its Build to Rent (BTR) portfolio grow further after plans were announced for a new 720-home community in Birmingham. The latest figures from the British Property Federation and Savills, who jointly track new Build to Rent developments across the country, revealed that Birmingham almost doubled...
Grainger plc is targeting primarily key workers and recent graduates for their latest Build to Rent scheme in Salford. Clippers Quay, the largest open BTR development outside of London, is aimed at renters with an annual income of up to £27,000. The five-block apartment scheme, which features 614 homes, includes a range of onsite...
Experience Invest, a London-based firm which provides property investors in the UK and overseas access to exclusive investments across a variety of asset classes, recently opened a new international office in Cape Town, South Africa. It has established its new office to provide South African investors with direct access to property investment opportunities...