Tenanted property auction sales jump 70% as landlords exit
Sales of tenanted rental properties at auction increased by 70% in April compared to the same period last year, according to data from Auction House, as the impact of the…
Tribunal system faces capacity concerns over rent appeals
The tribunal system’s capacity to handle rent appeals under the Renters’ Rights Act has been called into question following research revealing data gaps and processing delays. Freedom of Information requests…
Ombudsman rules on holding deposit after undisclosed purchase
The Property Ombudsman has ordered a letting agent to return a £403 holding deposit after failing to disclose that a tenancy was dependent on the landlord’s onward property purchase, highlighting…
Liverpool consults on selective licensing expansion
Liverpool City Council has launched a consultation on the future of its selective licensing scheme for private rental properties, with the current programme set to expire in 2027. Councillors approved…
Halifax reports UK house prices fall for second month
UK house prices declined for the second consecutive month in April, according to Halifax, as mortgage rates climbed and uncertainty over interest rate trajectories dampened buyer activity. The mortgage lender,…
DAR Global launches waterfront apartments in Qetaifan Island
DAR Global has launched Sea La Vie Qatar, a waterfront residential development on Qetaifan Island North in Doha, comprising one-bedroom plus den apartments ranging from 88 to 253 square metres.…
Rightmove forecasts profit growth up to 5% for 2026
Property portal Rightmove has issued a first-quarter trading update forecasting profit growth of up to 5% and revenue growth of 8% to 10% for 2026, maintaining guidance provided in its…
UK mortgage affordability hits lowest level since 2008
UK homebuyers are experiencing the most challenging mortgage affordability conditions since 2008, with initial repayments consuming 21.3% of gross income on average, according to data from UK Finance. The figures,…
Mansion tax to cost £380m before generating revenue
The Treasury faces upfront costs of at least £380 million before Labour’s high-value property levy begins generating revenue in 2028, according to government analysis. The council tax surcharge on properties…
Letting agents urged to cut unprofitable landlord clients
Letting agents are being advised to terminate relationships with their most difficult landlord clients, according to industry consultant Rachel Ollington, who argues that problematic property owners are eroding profit margins…