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December 6, 2018

Shock figures show councils unable to enforce HMO regulations

Shock figures released by an insurance company suggest that councils are woefully unable to police new regulations regarding mandatory HMO licensing. Figures obtained by Simple Landlords Insurance reveal the majority of local authorities don’t know how many unlicensed HMOs are… Read Full Article
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December 6, 2018

Brexit uncertainty fuels more rental demand, says lettings agency

Continued political and economic uncertainty is likely to fuel increased tenant demand in the private rented sector, says Haart. The company’s latest figures show the number of tenants entering the market across England and Wales has risen by 17.4 per… Read Full Article
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December 5, 2018

London rents set to increase next year as supply diminishes

Rent increases seen in London this year are likely to continue in 2019 because of the diminishing supply of homes to let. That’s the view of high-end lettings agency Chestertons, which says some pockets of the capital saw spectacular growth… Read Full Article
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December 5, 2018

Emoov halved its £100m valuation during crowdfunding pitch

Investment platform Crowdcube has told Estate Agent Today that defunct online estate agency Emoov revised down its company valuation from £104m to £51.8m at the end of its most recent crowdfunding exercise. However, this was within the cooling-off period when… Read Full Article
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December 4, 2018

Government cuts tenant deposit cap from six weeks to five weeks

The government has this afternoon confirmed that the amount tenants have to pay up front to secure a home will be cut from six weeks’ rent to five for annual rentals of under £50,000. A deposit of six weeks’ rent… Read Full Article
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December 4, 2018

2018 lettings market in three words – taxes, laws, quitting

The Association of Residential Letting Agents has put together a brief summary of the 2018 rental market. In figures, the supply of rental accommodation dropped slightly in 2018, from 189 on average per ARLA branch in 2017, to 187 this… Read Full Article
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December 4, 2018

Conveyancing fraud on the rise as new transparency rules kick in

It’s been revealed that 37 regulated conveyancing firms have repelled attempted frauds in the past year. But 11 conveyancing firms have actually been victims of fraud – of those, eight had experienced it once, two firms twice and the other… Read Full Article
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December 4, 2018

Fewer sales, supply static, first time buyers down – that was 2018

An end-of-year analysis from the National Association of Estate Agents shows the state of the industry – and it confirms just how tough a year it was. Over the course of 2018, demand was lower than last year with an… Read Full Article
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December 3, 2018

Prices inch up but buyers still waiting for Brexit clarity

House prices showed an unexpected pre-Christmas boost last last month but worries about Brexit remain foremost for buyers according to the Nationwide Building Society. Its latest figures show that annual house price inflation rose from 1.6 per cent to 1.9… Read Full Article
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November 30, 2018

Up they go – rents to rise in 2019 despite tenants negotiating reductions

There’s been a large jump in the number of tenants successfully negotiating rent reductions according to the Association of Residential Letting Agents. It says September’s 2.0 per cent figure leapt to 3.7 per cent in October – this is the… Read Full Article
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November 29, 2018

Paws For Thought: should agents and landlords allow pets?

The first-ever pet think tank has launched to address what is claimed to be a lack of pet-friendly rental accommodation in the private sector. The think tank was formed by online lodging platform SpareRoom in a bid to generate new… Read Full Article
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November 29, 2018

Emoov lining up administrators – report

Sky News says the online estate agency Emoov is preparing to call in administrators in a last-ditch attempt to salvage its future. Sky – which has had a number of Emoov exclusives in the past 12 months – says the… Read Full Article
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November 29, 2018

Transactions to rise in 2019 says top agent (well, after Brexit is sorted)

One of the country’s top buying agents says he expects 2019 to be a much better year than 2018 as Brexit uncertainty subsides. James Greenwood of Stacks Property Search says: “There are an estimated 6m households living in the wrong… Read Full Article
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November 28, 2018

Landmark tax ruling could be good news for holiday home market

The holiday home market may still be struggling in the wake of the three per cent additional homes stamp duty surcharge but a law firm says a recent court ruling could indirectly give the sector a boost. The case most… Read Full Article
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November 27, 2018

Brexit Shambles: No Deal impact on house prices to take centre stage

Newspapers are reporting that Brexit’s impact on house prices – especially if there is No Deal – are likely to take centre stage in the next 48 hours. The London Evening Standard, edited by former Chancellor George Osborne, quotes unnamed… Read Full Article