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Rents increase in UK as demand outstrips supply.

The average UK rent is now £836 per calendar month, an increase of 2% year on year as demand, especially for quality homes outstrips supply.

The data from the latest analysis report from lettings agency Countrywide also shows that one and two bedroom properties saw the greatest increase in rent up 8.5% and 3.6% to £751 and £810 respectively.

While three bedroom properties recorded a 1.6% increase to £930, however, four bedroom plus properties experienced a 3% decrease to £1,345 per calendar month.

 

Sourec: Property Wire

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UK agents launch 2015 manifesto for sale and rental housing sectors.

Estate and lettings agents in the UK have launched their 2015 housing manifesto calling for better supply, enhanced regulation, and a change to property taxes.

The National Association of Estate Agents (NAEA) and Association of Residential Letting Agents (ARLA) launched the manifesto today at the third consecutive NAEA Conference.
 
During the last six months NAEA and ARLA have met professionals, politicians, experts and campaigners across the UK to understand their hopes and fears for the housing sector. The three main concerns which were identified were the lack of supply, a need for more regulation in lettings and sales, and appropriate taxes across the whole property spectrum.

 

Source: Property Wire

 

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Survey reveals majority of UK tenants are satisfied with current landlord

Some 81% of UK tenants renting their home in the private rented sector are satisfied with their current landlord and 70% believe their rent is value for money, new research has found.

The survey also found that 82% said they consider the property they rent to be their home, a fifth of respondents said in the long term they plan to buy their own home and 35% said they expect to stay in the PRS.

 

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Sutton Coldfield- Ground Floor Studio Flat

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
Sutton Coldfield , West Midlands B74

Ground Floor Studio Flat

Modern style studio flat with double glazing and electric heating
 
Currently generating a rental of £375pcm on
a standard AST to March 2016
 
 
 
 
 
 
Investor Price £68,000

Currently generating £4,500 per annum
with potential for uplift
 
 
Market Price £85,500
 
Sourcing Fee £3,000
 
Please e-mail: John Raiye
for further details and viewing arrangements
 
 
We can assist in the management of this
investment opportunity.
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

FIVE UNIT PROPERTY PORTFOLIO -Kidderminster, West Midlands

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
Kidderminster, West Midlands

 
FIVE UNIT PROPERTY PORTFOLIO
 
Four one bedroom flats and one studio are offered in a single building with immediate rental income.
 
 
 
 
 
 
Investor Price £250,000

Currently generating £24,000 per annum
 
Sourcing fee £5,500
 
Please e-mail: John Raiye
for further details and viewing arrangements
 
 
We can assist in the management of this
investment opportunity.
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

UK Seeing the Widest Spread of Prime Office Yields in a Decade

According to Knight Frank's latest ROMP report, the substantial weight of money targeting regional UK offices has led to further yield compression in the regions - giving a 175 basis point spread of prime yields, the largest seen in over 10 years (since Q4 2003). Stephen Hodgson, head of regional offices, Knight Frank, commented; "We could potentially be heading towards a 'perfect storm' of improving occupational markets and sustained capital markets, which hopefully will trigger new developments. With the growth of PRS also, this will be provide a major boost to regeneration schemes."

Source: World Property Journal

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Lettings agents in England to be compelled to publish fees.

Letting agents in England will be required to publish full details of the fees they charge under plans announced by government ministers today (13 May 2014).

They said that the move ensures a fair deal for landlords and tenants, closing off the opportunity for a small minority of rogue agents to impose unreasonable, hidden charges.
 
The added that such as common sense approach will avoid excessive state regulation which would push up rents for tenants.
Currently, the Advertising Standards Authority only requires letting agents to list compulsory charges to the tenant upfront in the process. Those letting agents who are found to have imposed hidden charges face little more than being named and shamed on the ASA website.

 

Source: Property Wire

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Post-election housing market views

Housing was a key policy in the election. With the Conservatives securing the popular vote to form a majority government, many look forward to seeing policies they’ve pledged come through, such as first time buyer new-build homes at a 20 percent market rate reduction to under 40’s and their Help to Buy ISA and its extension.

Research conducted by eMoov.co.uk on 2,018 adults in England and Wales before the election showed that 57 percent were unsure of the consequences this election would have on them, 20 percent thought house prices would increase further, 27 percent had concerns over interest rate rises, and 50 percent thought more should be done for first time buyers.

Source: TLE

To read more <a href="http://tle-online.com/property/post-election-housing-market-views/09/05">please click here</a>

Pendle 'cheapest place to rent in UK'

Pendle in Lancashire has been revealed as the cheapest place to rent a property in the UK following a new analysis of the country's lettings market.

Hometrack has exclusively released data to the Independent that shows the average rent in the Lancashire town is £368 a month. For the sake of the survey, an average property was classed as a home with two bedrooms and the data was compiled between January and May 2015.

Source: RentMan

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Law Society in Scotland calls for rethink on letting agents regulation.

The Law Society of Scotland has today urged Scottish politians to rethink proposals to regulate letting agents as it believes current proposals will create an unnecessary dual regulatory regime for those solicitors who undertake letting agency work.

The Housing (Scotland) Bill proposes to require Scottish Ministers to establish and maintain a register of letting agents and grants them the power to issue a code of practice. Proposals also provide Scottish Ministers with the power to remove a registered letting agent from the register if they are satisfied that the person is no longer a fit and proper person to carry out letting agency work.
 

 

Source: Property Wire

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