Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: UK housing market offers room for growth as demand improves; House prices will fall 2% this year – OBR; Mortgage rate rises branded ‘March madness’ by brokers as banks hike home loan costs; First-time buyers turning to 35-year mortgages amid higher interest rates; Rent expected to surge by 16% in UK property market; Short-term lets to require planning permission under new proposals… Happy reading and… renting!
Category Archives: Real estate news
Landlord press review: February 2024
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: UK property market is a buyer’s market in 2024; Rental market set to expand by 1M households by 2031; Sunak considers radical plan for 99% mortgages to help first-time buyers; Survey reveals what UK renters want from their homes; Dozens of landlord repossession claims threaten renters; Average time to sell a home in London ‘was twice that in Scotland in 2023’… Happy reading and… renting!
Landlord press review: January 2024
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Squeeze on home buyers’ budgets set to continue into 2024; Housing transactions down 22% year-on-year; Bank of England official hints at interest rate shift as UK faces recession; Sales of 30-year plus mortgages increase 13% in past year; 4 Property investment strategies in 2024; Landlords fear rising costs and rent arrears in 2024; 9 expert predictions on UK house prices, mortgages and renting… Happy reading and… renting!