Tenants are showing signs of returning to major cities to take advantage of rents that were lowered during lockdown, a report suggests.
Work and leisure restrictions, as well as younger adults returning to live with their families, meant demand dropped in the last year.
This in turn led to rent falls, including a drop of 9.4% in London, according to property portal Zoopla.
But, since Easter, it said demand had picked up.
Letting agents can play a key role in helping the rental sector adapt to the latest government legislation, known as Breathing Space, according to PayProp.
Using recently published Government data, new research by Paragon has shown that the North West is the most affordable region for tenants, followed by North East and Yorkshire.
With a number of the UK's coastal cities home to universities, student accommodation platform, Uni Homes, has highlighted which are home to the lowest rental outgoings for students keen to study by the sea.
In step with the growing demand for rental accommodation, the number of first-time landlords is also on the rise.
However, with a constantly evolving number of laws and regulations governing the private rented sector, becoming a landlord for the first time can be somewhat daunting.
Amidst the soaring demand for holiday lets as the UK prepares for a staycation boom this summer, inquiries for tax advice from customers considering buying a second property are also rising.
About 700,000 renters are estimated to have been served with “no-fault” eviction notices since the start of the pandemic, despite a government promise to scrap the practice.
Despite the widely publicised exodus of UK landlords exiting the traditional market and moving into short-term letting, the UK's buy-to-let sector remains vibrant and profitable, but you have to know where to look.
If the latest figures highlighting the number of overseas landlords owning property in the UK is anything to go by then Brexit hasn’t deterred investment in the UK property market.
Across the pond, 'Multi-Family', the US version of Build to rent, has been established for over a decade, but could provide insight as to how much growth potential is left in the sector if the US property market is anything to go by.
There has been a sharp uplift in student rental activity following the Government’s announcement on returning to higher education just a month ago, according to the latest analysis from student accommodation platform, UniHomes.
The pandemic continues to put pressure on the housing sector, with the latest data revealing that rents are now 22% below the level they were at in February 2020.
The threat of being hit with a 5k fine for jetting off to sunnier climes has cast a dark cloud over many Brit's holiday plans this summer. As a result, searches for staycations are understandably on the rise and, for savvy landlords anyway, this could be a summer to remember.
Due to the vast numbers of students who have decided to live at home while learning is remote, or have chosen to defer their studies, the impact on the student rental market has been severe and felt most keenly by private landlords, rather than universities or colleges.
Tax changes and the pandemic have given landlords a rough-ride over the last couple of years, with many throwing the towel in altogether.
Despite dodging the bullet during the budget earlier this month, the threat of a Capital Gains Tax rise remains uncomfortably close for landlords and owners of a second home. Should it rise, what would be the impact for buy-to-let landlords and second homebuyers?
The plan to return to physical classes for many students has seen searches begin already for suitable homes in anticipation of starting a new year in September. Demand for student accommodation is set to start climbing.
The PRS is seeing a lot of attention at the moment and the volume of new landlords entering the market is growing, according to the latest data and analysis from criteria search specialist, Knowledge Bank.
I know how difficult it is to plan ahead at the moment and how the booking of any holiday may still seem a little presumptuous. However, after seeing a couple of back-to-back days of sunshine I’m sure I’ve joined the vast numbers of people across the UK in thinking – if only.
Rents outside the capital are growing at record levels, prompting the UK’s largest rent protection provider to issue a stark warning to landlords.
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