A group of higher education and student housing organisations have raised concerns about the Renters (Reform) Bill’s effect on the student housing sector. In letters to a government minister and the Labour Party, organisations including Universities UK, Unipol, and Nottingham Trent University warned that ending fixed-term tenancy agreements (FTTAs) for private student housing would threaten […] The post Renters (Reform) Bill risks driving student housing shortage to crisis point, letter to government warns appeared first on PropertyWire ..read more

When adjusted for inflation costs for conveyancing and removals are significantly below the post-pandemic period, reallymoving’s quarterly Home Move Costs Index has revealed. This is despite such firms putting their rates up by 5.1% year-on-year. Conveyancing costs are 23% below the pandemic peak, which is partially due to lower demand from homemovers, as we’re in […] The post Cost of home move services well below pandemic peak in real terms appeared first on PropertyWire ..read more

Property buyers looking for strong returns should invest in Scottish coastal areas, analysis from Pikl Insurance has found. Buying in Portree on the Isle of Skye costs an average of £206,200 while investors can make £52,400 annually – meaning their investment could be recouped in less than four years. The area is a magnet for […] The post Scotland costal areas very profitable for investors appeared first on PropertyWire ..read more

A landlord in London has been slapped with fines and a confiscation order of £78,620 after she split up and rented out a five bedroom property as flats with planning consent. Titilola Oyejole from Dagenham divided up the five bedroom home on Fanshawe Crescent around nine years ago, with her living in one and renting […] The post London landlord must find nearly £79k or face jail time appeared first on PropertyWire ..read more

While a rental property with a tenant already in place may be a desirable feature for many buy-to-let investors, they are likely to struggle to find this added bonus in the London market. In the capital just 2% of the current listings have a tenant in situ, research by London agent Benham and Reeves has […] The post London home to the lowest level of tenanted properties appeared first on PropertyWire ..read more

A tenant in the US has been convicted of murdering her landlord using butcher knives after she was served an eviction notice. Sandra Kolalou, 37, killed and dismembered her 69-year old landlord, Frances Walker, stashing the body parts in a freezer. Sister-in-law Maria Maggie Walker told Chicago station WMAQ: “We miss Fran a lot. She […] The post Tenant murders landlord after being served eviction notice appeared first on PropertyWire ..read more

RAW Capital Partners has appointed Peter Grange as its new Chief Marketing Officer as the company gears up for major growth in the coming years. The Guernsey-based investment management firm, through its RAW Mortgage Fund, provides specialist mortgages to foreign nationals and UK expats looking to invest in UK buy-to-let property, as well as mortgages […] The post RAW Capital Partners appoints new Chief Marketing Officer appeared first on PropertyWire ..read more

Would-be homebuyers are currently enjoying the highest level of springtime choice of homes in five years, Zoopla research has revealed. There are 20% more homes on the market compared to a year ago, as well as double what was available in 2022. Supply has improved the most in Cornwall (+159%), North Kesteven, Lincolnshire (+155%) and […] The post Spring supply of homes for sale at five-year high appeared first on PropertyWire ..read more

House prices in Wales have fallen to less than £230,000 after peaking at £249,000 at the end of 2020, research from Principality Building Society has revealed. The average house price in Wales has fallen by 2.1% since last quarter and is now down 6.5% compared to the same period the previous year. Shaun Middleton, head […] The post House prices in Wales fall for five quarters straight appeared first on PropertyWire ..read more

There has been a 150% rise in appointments from Insolvency Practitioners to manage the properties and assets of struggling buy-to-let landlords in the past six months, according to surveyor Landwood Group. The group said this likely comes as a result of increased regulatory pressures and tax burdens. Holly Surplice, director at Landwood Group said: “Recent […] The post Landwood Group witnessing surge in struggling buy-to-let landlords appeared first on PropertyWire ..read more