Development

Residential rents up 2.3% year on year in UK

Private rental sector prices paid by tenants in Britain increased by 2.3% in the 12 months to September 2016, unchanged compared with the year to August 2016, the latest official data shows. There is some regional variation with the data from the Office of National Statistics (ONS) showing rents up by 2.5% in England and […] The post Residential rents up 2.3% year on year in UK appeared first on PropertyWire . Continue reading

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Tax office figures show substantial falls in UK property sales

Sales of property in the UK have fallen considerably year on year, down 11.3% in September, and fell by 4.3% month on month, official data shows. The data from HMRC, the tax office, shows that there were 93,130 residential property transactions during the month of September and separate figures from HMRC show the amount of […] The post Tax office figures show substantial falls in UK property sales appeared first on PropertyWire . Continue reading

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London landlords advised not to be greedy and value tenants in period of stagnation

Landlords in London are being advised not to seek rent increases and to even consider reducing rents for particularly good tenants as the sector is currently stagnating. The key to surviving in the current market is to retain good tenants and even undertake work on the property to keep them happy and avoid void periods, […] The post London landlords advised not to be greedy and value tenants in period of stagnation appeared first on PropertyWire . Continue reading

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