Property Rental News

UK – Planning Permission Required For Three or More Unrelated Tenants

Monday, March 8th, 2010

PADZ – From 6th April 2010 UK landlords that rent properties to three or more unrelated tenants will need to apply for planning permission. The new rules have been met with strong opposition from landlord groups particularly in city locations where shared rented accommodation is often the only viable option for young tenants. http://www.lovemoney.com/news/make-good-property-decisions/buy-to-let-investments/government-puts-the-boot-into-landlords-again-4515.aspx


UK – Brits Rejecting Risky Second Home Locations

Monday, March 8th, 2010

PADZ – A survey by Savills International has indicated that Brits are reverting to less risky second home locations of Spain, Portugal, Italy and France. http://www.globaledge.co.uk/news/brits-reject-far-flung-destinations-in-f-38270


New Zealand – Rental Crisis Looming

Monday, March 8th, 2010

PADZ – A shortage of rental properties could be looming as landlords in New Zealand start to downsize their portfolios. http://www.voxy.co.nz/business/rental-crisis-looming-auckland-property-manager-warns/5/40891


UK Government Plans to Ban Uninsulated Rental Homes

Monday, March 8th, 2010

The Household Energy Management Strategy published last week by the Department of Energy and Climate Change identifies that landlords may be obliged to install roof and cavity wall insualtion to their properties before they can rent them out. http://www.decc.gov.uk/default.aspx


UK’s Biggest Buy-to-Let Landlords are Selling Up

Saturday, March 6th, 2010

Fergus and Judith Wilson, the UK’s biggest buy-to-let landlords are selling up. The former maths teachers amassed 700 homes and their portfolio currently is currently worth an estimated £180m after all debts. http://www.guardian.co.uk/money/2010/mar/06/buy-to-let-fergus-judith-wilson


UK – 245,000 Second Homes Now Owned

Monday, March 1st, 2010

The number of English people owning second homes in England has increased by a further 2.6% in 2009 to 245,000. Many of these second homes will rented out for part of the year, increasing the supply of private holiday rentals properties in the UK – Knight Frank


Dubai – Recovery of the Real Estate Market Still Some Way Off

Monday, March 1st, 2010

Markus Giebel, chief executive of Dubai’s second largest developer, Deyaar, believes that Dubai’s real estate market will begin to recover from 2011 onwards.  He says the market has now reached the bottom and that Dubai’s fundamentals are still strong.  Property Wire


UK – London Estate Agent Jailed for Identity Theft

Monday, March 1st, 2010

A London estate agent has been jailed for six years after stealing the identities of two people in a £2m mortgage fraud. Estate Agent Today


UK – Interest Rates Expected to Stay Low for 2010

Saturday, February 27th, 2010

The Bank of England’s Deputy Govenor has suggested that UK interest rates will need to remain low in the medium term to counteract an increase in margins being levied by banks. This is good news for landlords and suggests that a sustained period of low mortgage interest payments could be expected. This is Money.


UK – Rental Housing Market Soars to 15%

Saturday, February 27th, 2010

The proportion of UK residents living in rented housing has soared to 10% to 15% over the last ten years, representing an increase of around 1m households over the period. Further details are available in the English Housing Survey


UK Rental Housing Growth Graph