Landlord news

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords. This month, we focus on house prices (a lot!), electric safety checks and older renters. Happy reading and… renting!

House prices
What will Brexit mean for house prices?

Expert house price predictions for before Brexit and beyond. Whether you’re a staunch remainer or avid Brexiteer, there’s no denying that the uncertainty around when the UK will leave the EU, and the terms under which it may happen, is causing property market jitters.
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UK house prices: Growth rate halves as south east faces ‘reality check’

The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted.
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The housing market get-rich-quick scheme is dead in the water. And not a moment too soon

But hang on, didn’t rising house prices benefit the economy by making homeowners feel richer and encouraging them to spend more? Not really, no.
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London house price growth remains below UK city average

House prices in London edged up 0.2 per cent in August but inflation remained below the UK average growth rate for cities of 1.9 per cent. However, mortgages for home purchases in London have been increasing slowly following the lower numbers seen since late 2014, suggesting that the decline in London housing sales has bottomed out.
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Millennials aren’t the only ones struggling – older renters share their challenges finding decent housing

There are now more than 4.5m households living in the private rented sector across the UK – that’s more than doubled since the previous decade. The challenges of navigating this expensive and insecure housing market have fallen mainly on young people. In 2017, 35% of renters in the private sector were aged between 25 and 34.
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Landlords ‘in limbo’ as still no sign of when mandatory electrical safety checks will be introduced

The Government is yet to set a start date for mandatory electrical safety checks in the rental sector despite committing to doing so in July 2018. Labour MP Jim Fitzpatrick tabled a parliamentary question asking when the checks would come for landlords, but housing minister Esther McVey has revealed there is still no start date in mind.
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Also remember to check our own pieces on tenancy security deposits, how to find good tenants and ending a tenancy.


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