Tenants struggling post stamp-duty exemption

18/05/2012

Tenants are paying rent late or not at all.

The average cost of renting rose in April following the slowdown in the house purchase market. According to the LSL Property Services buy-to-let index, rents rose by 0.5 per cent in April.

What makes South Kensington such an alluring place to live?

South Kensington is one of the classiest and most stylish parts of London, with property prices to match. If you want a refined yet vibrant place to live, South Kensington is a place you should consider, as it has great properties and restaurants.

Renting this prime London property is only 9% cheaper per month.

London prime rents three times the UK average

Renting a prime property in London is three times more expensive than all other regions of the UK. This finding comes from the PrimeLocation.com prime rental index.

Londoners continue to pay more for rent

London continues to be the most expensive place for renters with the average household spending a whopping 71 per cent of income on rent. According to the latest rental index the price gap between the capital and the rest of the UK continues to widen.

Rent is set to stay at its current price.

Rents to sit tight

Rental prices are forecast to stay at their current rate according to a research paper from Hometrack. This is a relief for renters in London who have seen a dramatic 9.6 per cent increase in rents in 2011.

One fifth of all UK rentals are in London

The number of rental properties increased last year at the same time as house sale listings dropped. But 20 per cent of the rental properties listed in the UK are based in London.

London rents drop again

Prime central London rents have dropped in price for the sixth consecutive month. While rents are still higher than one year ago the fall has totaled 0.8 per cent since October 2011.

London rents cost 53 per cent of salary

The shortage of supply in the rental market is causing ‘severe upwards rental pressure’ and taking up to 53 per cent of a person’s salary. According to a research paper the average rent in London costs a single person 53 per cent of their salary.

Five tips for renters

With more than half of the landlords with the Association of Residential Letting Agents recording an increase in interested tenants it is clear the private rental market is booming. But renters need to know how to approach a property transaction.

Studio apartment prices trump one bedroom flats

Rental flats in the UK have hit a record high price of £833 per month. The website has recorded the highest average rental price figures in its history of research with tenants paying 2.5 per cent more than this time last year.

Renters struggling with household bills

People are spending less money but still struggling to meet payments and renters are the worst hit. According to research renters have been the most adversely affected group during the economic downturn.

Rent or buy?

Whether to buy a home or continue renting is an important decision and the Council of Mortgage Lenders (CML) has weighed in on the argument. The CML has looked at the cost of renting versus the cost of buying and the relative pros and cons with each.

Headlines

Rental market grows 24 per cent; August most competitive month

Private rentals experienced a 24 per cent rise in demand last year.Couples under the age of 35 make up almost one quarter of this market, many with interests in London-based property which saw the highest rise in interest at 35 per cent.

Tourists will stream into London for the Olympics.

Enter your home on the Olympic short-term rental market

With an expected fivefold increase in London rental prices during the Olympics it may be a good time to enter the short-term rental market.A new Olympic lettings service has launched online to help home owners take advantage of the influx of tourists.