RICS have today released their UK Residential Market Survey current up to November 2021.
In the lettings market, tenant demand saw another solid monthly increase in November with a net balance of +48% of respondents citing a rise.
The post Rents are anticipated to increase firmly over the near term appeared first on Property118.
Research released by Shelter in their press release today indicates more than 274,000 people are homeless in England right now, including 126,000 children and goes on to say:
Analysis of official rough-sleeping and temporary accommodation figures shows that one in every 206 people in England are currently without a home.
The post Shelter – “We predicted the pandemic would trigger a rising tide of evictions” appeared first on Property118.
Market analysis, by Benham and Reeves, has revealed how the cost of maintaining our homes this winter is as much as 17% higher than it was this time last year. They researched the average cost of maintaining a property which can include everything from cleaning the gutters
The post Cost of Property maintenance increased 17% this winter appeared first on Property118.
Average rent debts still owed by renters as a result of the pandemic have increased by 41% since May according to new research. A survey of over 2,000 private renters in England and Wales by research consultancy Dynata for the NRLA found that average COVID related rent arrears owed by affected tenants had increased to £1,270
Aldermore’s Buy to Let City Tracker1, has named Bristol, Oxford and Cambridge as the best cities for landlords to invest in for 2022.
The Tracker analyses and assesses five key indicators that impact buy to let desirability: average total rent
The post Bristol, Oxford and Cambridge best cities to invest in for 2022 appeared first on Property118.
The Basic scenario is: HMO joint tenancy, five tenants. On a fixed element for first 12 months. Then break clause kicks in at one-month notice upon renewal of the next contract due July 22.
One poor lad (tenant) has had to quit university for his mental health
The post Joint tenancy obligations for lad that has had to quit? appeared first on Property118.
I have a tenant with a cash deposit and Rent In Advance (RIA) ready to go. He gets paid £700 direct by the DWP and tops up the rest (total rent is £875).
He can clearly show that DWP pay the £700 direct and has done since he moved in back in 2012 –
The post Helping a tenant find alternative accommodation with insured guarantor? appeared first on Property118.
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The latest Halifax House Price Index for November is showing annual price inflation at 8.2%, a monthly increase of 1% and the new UK average house value standing at £272,992.
The average house price in Wales has broken the £200k barrier for the first time at £204,148.