The latest figures have revealed that the average rental asking price has hit an all-time high outside the capital, fuelled by seven weeks of lockdown-limited activity boosting demand.
People are leaving the city as the coronavirus lockdown eases and they work from home elsewhere
The number of private tenants in England who have fallen behind on rent has doubled during the coronavirus pandemic, new research suggests.
Tenants of Landsec, which also runs Trinity Leeds shopping centre, paid 92% of bill last year
The latest data and analysis from ARLA Propertymark has revealed that the number of tenants experiencing rent increases fell to 14% during May – the lowest on record as landlords take the brunt of the pandemic.
Latest research from estate agents Barrows and Forrester has revealed the most expensive parts of the market when it comes to the cost of renting and the salary available.
Median rent was highest in London – at £1,425 a month – according to ONS data
Firm warns shareholders over payments as tenants remain closed due to pandemic
While campuses are shut by Covid-19, students are still being forced to pay for unused accommodation
Rent payments must be maintained where possible say landlords as rent campaigners calls for a payment holiday grow louder.
Mayor of London Sadiq Khan has warned that many of London’s private renters are facing imminent homelessness, unless the government acts to properly protect them from eviction.
Andrea Orsini's family has run M Bar in London's Leadenhall Market for 40 years.
But after shutting up shop because of the lockdown, he says he can't afford his next rent bill.
New figures released by Howsy have revealed that the number of rental properties hitting the market surged by as much as +44% in some UK cities as lockdown restrictions were lifted and landlords were able to resume business.
The average time it takes to let a rental property rose to a record 29 days in April 2020 due to the lockdown measures, the Hamptons International Lettings Index has found.
Landlord rental collection has fallen by 50% in Liverpool due to COVID-19, the biggest fall across major English cities.
Cambridge is the most resilient location, with rent collection falling by just 7%, compared to a UK average of 30%.
The UK’s rental market has started to rebound after falling between March and April, Goodlord’s Lettings Activity Tracker has found.
As businesses emerge from lockdown into whatever normality looks like, we may start to see an increasing use of company voluntary arrangements (“CVAs”) to try to improve balance sheet deficits amongst landlords.
The UK government is currently seeking to balance the pressure on their own financial bottom line while aiming to ease uncertainty on the public’s finances. To do this they have introduced a series of measures regarding both business and personal hardship. One such announcement was around residential lettings, giving tenants security from eviction and the opportunity, where needed and agreed, to defer rent payments.
The latest data and analysis from Goodlord has revealed that rents have dropped across five out of eight UK regions during April, as the lockdown continues to impact the lettings markets.
The Coronavirus Act 2020 (the “CA”) protects commercial tenants from eviction for non-payment of rent until 30 June 2020. However, it does not remove their obligation to pay rent. Claims for possession as a result of forfeiture for rent arrears that have already begun are suspended and existing possession orders cannot be enforced until after 30 June at the earliest.
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