Average UK rents
There has been much spoken about the value of property and how the market could be on the verge of bottoming out, but when it comes to rents there is never much said and yet the rental market is a significant part of the property sector.
The average monthly rent is currently £589.68 this is calculated [...]
The state of the rental market
Usually when the price of property falls, the cost of renting increases and visa versa, but we find ourselves in an exceptional marketplace these days and due to the amount of property on the market at the moment, rental prices are also in the decline.
London is a good place to look as the market is [...]
Is renting better than buying?
A couple of years ago people who rented property were in fact simply throwing their money down the drain, whereas on the other hand those people with mortgages were in fact the shrewd investor who could only make money. How times have changed and yet is renting better than buying?
Some people believe so, at least [...]
Beckham’s staying at Clooney’s villa
Its great having showbiz pals especially if you are a globetrotting footballer like David Beckham. He has decided to wait in Italy while his current club LA Galaxy decide whether or not they are going to release him from his multi million dollar contract.
But instead of going home or booking into a hotel, the Beckham’s [...]
Insurance changes for holiday home owners
A change in the public liability insurance could mean that many UK based owners of property in Europe could find that they are seriously underinsured following the introduction of the Rome II legislation.
This particularly affects owners of property abroad who let it out for holiday rental, but what makes this law especially serious for UK [...]
Property rentals in London fall
It seems that renting a flat, apartment or even a house is much cheaper than booking into a hotel when visiting London; this is just one of the side effects of a falling property market.
It may seem astonishing that tourists could pick up a nice well-situated apartment in central London for less than what [...]
Spain changes property law
With nearly three million empty properties in Spain, a change in the law has been on the cards for some time, this concerns the property rental market, which should be booming at the moment especially with the amount of empty properties around.
The problem for property owners is that at the moment it can take up [...]
How to manage properties when you rent
You do not have to live in owned property in order to become a landlord as there is a growing trend for property investors to build up a property portfolio where the properties are location within an affordable location, while they rent in a popular area.
This gives the landlord the lifestyle that they want, while [...]
Dog charity wants landlords to accept pets
It is not just people, who are suffering from the housing crisis, but the family pet suffers too and in particular, the family dog, this is because many property owners will not allow pets when they rent out a property to tenants.
In a recent survey by the Dogs Trust, it was found that seventy eight [...]
What to ask potential tenants
These days finding a new tenant for a property is something to celebrate but even in times where the financial crisis is beginning to bite, there are still some precautions to take when renting out your property otherwise it could be the beginning of a long nightmare.
In order to ensure that the future tenant of [...]
If you rent out you need to know this
There is still a large interest in buy to let investments, even some people who have a second home and want to realise some income from it, but there are some things that a potential landlord should understand first.
Landlords have to pay for any repairs
If there is a problem, the landlord has to be available
The [...]
Why rent a property
Over recent times there has been a gulf between people who rent the place that they in and those who have bought their home, it maybe a class thing or simply that homeowners are looked upon as being solid citizens with a stake in the local area.
However, due to recent problems within the property market [...]
Landlord’s legal responsibilities
At the moment the property rental sector is doing ok, with the demand for properties being stable because people are still not taking the plunge into the property market themselves. However, no matter how tempting it may be, a potential landlord should become acquainted to the legal requirements.
Essentially, there are five main rules to follow, [...]
Help yourself pub gutted
There has been a gay pub in the city of Lincoln for over sixteen months. It initially seemed to be a success. However, could they have become a victim of the credit crunch or just in the decline of the pink pound in the area?
For one day the locals began to turn up at the [...]
Rental property a good investment?
One man’s disaster is another man’s good fortune; this could be applied to the property market. As the sales of property slow down to a trickle, the rental market is booming according to a report by Your Move.
This would stand to reason as many people cannot or will not buy a property for various reasons, [...]
Insurance for tenants
The property rental sector has really taken off in the past year or so, and is likely to increase at least while there is a property market which is not looking like a return to the guaranteed investment potential that we have been used to.
However, this increase in tenants has meant that there are other [...]
Can buy to let survive?
The simple answer is now, no. That is according to the CEO of Firstrung, Paul Holmes, he believes that buying a property to simply let it out, is now unsustainable and therefore people should only buy a property from now on only if they intend to live in it.
The whole business of buy to let [...]
Couple live in shed
This is a real sign of the times, where victims of the credit crunch are forced to live in unacceptable conditions. A couple from Hartlepool are having to live in a shed on an allotment because their house was repossessed.
The couple who have six children have seen their family split up, the children are staying [...]
Surviving property repossession
As bad as it may seem to normal people, house repossessions are on the rise; around seventeen thousand homes were repossessed last year alone. That’s a huge amount of families who have been left without a home.
But this figure is set to rise, despite the government’s advice; if you fall behind on your mortgage payments [...]
Buy to Let in trouble
The changes within the mortgage industry have affected many people, but the hardest hit would seem to be those people who have invested in the Buy to Let market. Many of these people have seen that buying property is a great investment and so to buy a property on a mortgage and rent it out [...]