RentalMarket™

Month: September 2023

Resilient Landlords Defy Soaring Rates: The Rental Market’s Triumph Over Adversity

In a market that’s seen 14 rate hikes, landlords are showing remarkable resilience and adaptability. While rising mortgage rates have brought significant changes, there’s an unexpected twist in the story: the rental market is holding its own. Imagine, just two years ago, a two-year fixed interest-only mortgage (75% loan-to-value LTV) stood at a mere 1.3%. Today, it’s 6.2%. This might

Read More »

UK Buy-to-Let Yields Surge in Unexpected Places Amidst Challenging Market Conditions

New data has unveiled a surprising trend in the UK property market: buy-to-let yields are nearing double digits in certain regions, offering landlords an attractive investment opportunity. Property portal Zoopla’s research highlights that yields in areas surrounding Glasgow, such as West Dunbartonshire, Renfrewshire, East Ayrshire, and North Lanarkshire, have reached a remarkable 8% or higher. Renfrewshire, in particular, has witnessed

Read More »

The 2023 Buy-to-Let Landscape in Flux: Corporations Dominate as Tax Advantages Prevail

In a dynamic twist to the ever-evolving world of real estate, nearly three-quarters of buy-to-let properties purchased in 2023 have found their home within corporate entities. This surge in corporate ownership reflects a compelling preference among landlords who are eager to tap into the tax benefits associated with this structure, especially as borrowing costs continue to soar. Traditionally, landlords had

Read More »

Tories’ Hesitation on Renters Reform Bill Raises Concerns: Could Promised Changes Be Shelved Like Net-Zero Commitments?

In a dramatic turn of events, campaigners are expressing profound concerns that the long-awaited Renters Reform Bill in the UK might face abandonment, similar to the recent U-turn on net-zero commitments by Chancellor Rishi Sunak. The Renters Reform Bill, hailed as much-needed legislation, aims to bolster tenant rights and eliminate the controversial ‘section 21’ no-fault evictions. However, reports have surfaced

Read More »

Rental Market Integrity Under Serious Threat With Rising Rents

In a recent report from the Office for National Statistics (ONS), annual private rental prices in England have surged by a substantial 5.4%, with Wales following closely at 6.5% and Scotland at 6.0%. This marked increase, standing at 5.5% over the past year, has left a lingering question mark hanging over the stability of the private rental sector. Delving into

Read More »

Sunak Abandons EPC Regulations, Yet Majority of Landlords Already Invested in Upgrades

In a surprising twist, Shawbrook Bank has unveiled research suggesting that a substantial majority of UK landlords had proactively made preparations and financial commitments to comply with the now-discarded 2025 Energy Performance Certificate (EPC) regulations for residential rental properties. The abandoned regulation, which had called for rental properties to achieve a minimum EPC rating of C by 2025 for new

Read More »

Government Abandons Landlord Obligations for Energy Efficiency Upgrades, Drawing Mixed Reactions

In a surprising turn of events, the British government has opted to abandon its plans to mandate landlords to enhance the energy efficiency of their rental properties. The decision, announced by Chancellor Rishi Sunak on Wednesday, marks a significant policy shift as the government pivots away from several green initiatives, including the proposed minimum Energy Performance Certificate (EPC) standards for

Read More »

UK Rental Market Soars: Average Rental Costs Surge Amidst Market Fluctuations

LONDON — The steady surge in average rental costs continues to captivate the UK housing market, as the latest data unveils the endurance of a remarkable ascent. According to the recently published Rental Index by Goodlord, the cost of renting has experienced a substantial 10% year-on-year increase, reinforcing the formidable challenges faced by tenants. Although the month of August witnessed

Read More »

UK Housing Market Sees Sharpest Annual Price Drop in 14 Years: Halifax Report

House prices in the UK experienced another decline in August, with a significant drop of 4.6% compared to the same month in the previous year, according to data from the Halifax. The average cost of a house in August was £279,569 ($349,000), marking a decrease of about £5,000 from July, which equates to a monthly decline of 1.9%—the sharpest monthly

Read More »

Month: September 2023

Resilient Landlords Defy Soaring Rates: The Rental Market’s Triumph Over Adversity

In a market that’s seen 14 rate hikes, landlords are showing remarkable resilience and adaptability. While rising mortgage rates have brought significant changes, there’s an unexpected twist in the story: the rental market is holding its own. Imagine, just two years ago, a two-year fixed interest-only mortgage (75% loan-to-value LTV) stood at a mere 1.3%. Today, it’s 6.2%. This might

Read More »

UK Buy-to-Let Yields Surge in Unexpected Places Amidst Challenging Market Conditions

New data has unveiled a surprising trend in the UK property market: buy-to-let yields are nearing double digits in certain regions, offering landlords an attractive investment opportunity. Property portal Zoopla’s research highlights that yields in areas surrounding Glasgow, such as West Dunbartonshire, Renfrewshire, East Ayrshire, and North Lanarkshire, have reached a remarkable 8% or higher. Renfrewshire, in particular, has witnessed

Read More »

The 2023 Buy-to-Let Landscape in Flux: Corporations Dominate as Tax Advantages Prevail

In a dynamic twist to the ever-evolving world of real estate, nearly three-quarters of buy-to-let properties purchased in 2023 have found their home within corporate entities. This surge in corporate ownership reflects a compelling preference among landlords who are eager to tap into the tax benefits associated with this structure, especially as borrowing costs continue to soar. Traditionally, landlords had

Read More »

Tories’ Hesitation on Renters Reform Bill Raises Concerns: Could Promised Changes Be Shelved Like Net-Zero Commitments?

In a dramatic turn of events, campaigners are expressing profound concerns that the long-awaited Renters Reform Bill in the UK might face abandonment, similar to the recent U-turn on net-zero commitments by Chancellor Rishi Sunak. The Renters Reform Bill, hailed as much-needed legislation, aims to bolster tenant rights and eliminate the controversial ‘section 21’ no-fault evictions. However, reports have surfaced

Read More »

Rental Market Integrity Under Serious Threat With Rising Rents

In a recent report from the Office for National Statistics (ONS), annual private rental prices in England have surged by a substantial 5.4%, with Wales following closely at 6.5% and Scotland at 6.0%. This marked increase, standing at 5.5% over the past year, has left a lingering question mark hanging over the stability of the private rental sector. Delving into

Read More »

Sunak Abandons EPC Regulations, Yet Majority of Landlords Already Invested in Upgrades

In a surprising twist, Shawbrook Bank has unveiled research suggesting that a substantial majority of UK landlords had proactively made preparations and financial commitments to comply with the now-discarded 2025 Energy Performance Certificate (EPC) regulations for residential rental properties. The abandoned regulation, which had called for rental properties to achieve a minimum EPC rating of C by 2025 for new

Read More »

Government Abandons Landlord Obligations for Energy Efficiency Upgrades, Drawing Mixed Reactions

In a surprising turn of events, the British government has opted to abandon its plans to mandate landlords to enhance the energy efficiency of their rental properties. The decision, announced by Chancellor Rishi Sunak on Wednesday, marks a significant policy shift as the government pivots away from several green initiatives, including the proposed minimum Energy Performance Certificate (EPC) standards for

Read More »

UK Rental Market Soars: Average Rental Costs Surge Amidst Market Fluctuations

LONDON — The steady surge in average rental costs continues to captivate the UK housing market, as the latest data unveils the endurance of a remarkable ascent. According to the recently published Rental Index by Goodlord, the cost of renting has experienced a substantial 10% year-on-year increase, reinforcing the formidable challenges faced by tenants. Although the month of August witnessed

Read More »

UK Housing Market Sees Sharpest Annual Price Drop in 14 Years: Halifax Report

House prices in the UK experienced another decline in August, with a significant drop of 4.6% compared to the same month in the previous year, according to data from the Halifax. The average cost of a house in August was £279,569 ($349,000), marking a decrease of about £5,000 from July, which equates to a monthly decline of 1.9%—the sharpest monthly

Read More »