London Rental Property News for July 2008

New low for house price falls

The latest Nationwide property index has revealed that house prices are now falling at the fastest rate on record.

Read Article ... Published on 31st July, 2008

Landlords urged to consider insulation

Buy-to-let investors with London property in their portfolios have been urged to consider purchasing energy-saving technologies.

Read Article ... Published on 30th July, 2008

New Tesco Express at Beaufort Park

Mixed-use property developer St George has announced the opening of a new Tesco Express at Beaufort Park in north-west London.

Read Article ... Published on 30th July, 2008

Landlords advised to 'tread carefully'

Landlords with property to rent in London have been advised to tread carefully when making investment decisions.

Read Article ... Published on 30th July, 2008

Estate agents 'blocking FTBs' efforts'

London Estate Agents are placing ever-larger obstacles in the way of first-time buyers (FTBs), it has been claimed.

Read Article ... Published on 30th July, 2008

House price correction 'on the cards' for FTBs

The UK housing market is primed for a long-overdue correction to house prices, first-time buyers (FTBs) have been told.

Read Article ... Published on 29th July, 2008

Housing recovery 'hinges on credit crunch'

The London property market will not recover until the credit crisis has abated, one leading real estate provider is warning.

Read Article ... Published on 29th July, 2008

'Growing frustration' for UK home-sellers

Many people with London property that they want to sell are becoming frustrated by their inability to do so because of the current state of the UK's housing market, it has been claimed.

Read Article ... Published on 28th July, 2008

Buyers reject London asking prices

Property for sale in London has taken a further hit this month, falling by 1.2 per cent as the housing market records its tenth consecutive monthly drop in prices.

Read Article ... Published on 28th July, 2008

Mortgage approvals plummet 66%

The number of mortgage approvals for house purchases has fallen dramatically in the last year, new research has revealed.

Read Article ... Published on 25th July, 2008

New Tenant Check service for landlords

A new service which would allow landlords to check the references of potential tenants has been launched by the National Landlords Association (NLA).

Read Article ... Published on 25th July, 2008

Sutton regeneration in full swing

The London Borough of Sutton launched a regeneration scheme this week that focuses on removing various items of clutter from its streets.

Read Article ... Published on 25th July, 2008

Mortgage approvals reach 11-year low

The number of mortgages approved by banks in the UK fell to a record low last month, new research has shown.

Read Article ... Published on 24th July, 2008

Government pledges money to councils to boost housing supply

The government has revealed that local councils will be given more money to boost the housing supply and increase the amount of London property available on the market.

Read Article ... Published on 24th July, 2008

Hackney residents take on green challenge

Several people rent Hackney property have signed up to a new environmental challenge.

Read Article ... Published on 24th July, 2008

Industry group echoes EPC warning

Yet another firm operating in the rental sector has voiced concerns that landlords are not adequately prepared for new environmental legislation.

Read Article ... Published on 23rd July, 2008

Landlords 'unwittingly breaking HMO laws'

Landlords with flats to rent in London could be falling foul of HMO (house in multiple occupation) laws, it has been claimed.

Read Article ... Published on 23rd July, 2008

Sellers 'wake up' to worsening market

People looking sell London property and real estate around the country are waking up to a new reality when it comes to setting their asking prices, according to one expert.

Read Article ... Published on 23rd July, 2008

Property values 'to fall 20%

Homeowners with property for sale in London will be disheartened to learn that the average UK house price could fall by as much as 20 per cent from last year's high.

Read Article ... Published on 22nd July, 2008

London property 'stagnating' on market

People with property for sale in London are refusing to lower their prices in the current downturn, it has been claimed.

Read Article ... Published on 21st July, 2008

EPC penalties 'could top £500m'

The total value of eco-penalties that will be dished out to landlords with property to rent in London and elsewhere could top £500 million.

Read Article ... Published on 21st July, 2008

Asking prices down 1.2% in July

Asking prices for houses for sale in London and around the UK have fallen 1.8 per cent so far in July, Rightmove has revealed.

Read Article ... Published on 21st July, 2008

Mortgage-holders under pressure

Yet another industry report has suggested that people who have purchased property for sale in London are feeling the squeeze.

Read Article ... Published on 18th July, 2008

Tighter mortgage regulations 'not the answer'

Stricter government regulation of the way mortgages are approved is not necessary, in spite of recent failures in the industry.

Read Article ... Published on 18th July, 2008

Govt to promote rental sector

The government is planning to encourage prospective homeowners to move into the rental sector while the property market stabilises.

Read Article ... Published on 17th July, 2008

Private rental sector surpasses commercial property

The UK's private rental sector is now worth a combined total of £500 billion - more than all privately owned commercial property.

Read Article ... Published on 17th July, 2008

Inflation 'compounds house price falls'

The latest inflation figures from the Office for National Statistics are adding to the misery felt by would-be property buyers, one industry group has said.

Read Article ... Published on 17th July, 2008

Landlords criticised over pet rules

Growing demand for property to rent in London has led to more pets being abandoned because of landlord rules, it has emerged.

Read Article ... Published on 16th July, 2008

Regeneration 'key' to London 2012 success

The chairman of the Olympic Delivery Authority (ODA) has said that regeneration must form the cornerstone of investment programmes for London 2012.

Read Article ... Published on 16th July, 2008

Soaring inflation deepens mortgage woes

New figures have revealed that inflation is now almost double the target rate, further dampening hopes for interest rate relief.

Read Article ... Published on 15th July, 2008

Landlords 'oblivious' of EPC requirements

The majority of landlords remain clueless about their obligations under new energy efficiency laws, new research has found.

Read Article ... Published on 15th July, 2008

Housing transactions reach all-time low

In more bad news from the property market, new figures from the Royal Institution of Chartered Surveyors (Rics) show that housing transactions are at an all-time low.

Read Article ... Published on 15th July, 2008

Tenants 'better off than homeowners'

People who have found property to rent in London can expect to weather the credit crisis more effectively than homeowners, according to new research.

Read Article ... Published on 14th July, 2008

House prices in steepest decline for 13 years

House prices are facing their steepest decline for 13 years, according to new research from the Financial Times.

Read Article ... Published on 14th July, 2008

Halifax: House prices fall 2% in June

House prices fell two per cent in June, the sharpest rate of decline in 20 years, according to latest findings.

Read Article ... Published on 11th July, 2008

Housing downturn 'worse than in 1990s'

The downturn in the housing market is "an awful lot worse" than the crisis in the 1990s, an industry expert has warned.

Read Article ... Published on 11th July, 2008

Savills: 100% bridging loans too risky

The downturn in the property market could mean that 100 per cent bridging loans are "too risky" for lenders and borrowers, according to one estate agent.

Read Article ... Published on 11th July, 2008

Year's salary needed for house deposit

First-time buyers are expected to need a year's earnings in order to get a foot on the property ladder, according to new research.

Read Article ... Published on 10th July, 2008

Mortgage supplies 'remain low'

The supply of mortgages still remains low and recovery in the market is a while off, according to the Council of Mortgage Lenders (CML).

Read Article ... Published on 10th July, 2008

More social housing needed

More social housing is required, despite the drop in house prices, latest findings have indicated.

Read Article ... Published on 10th July, 2008

Property sales dramatically drop in London, says Savills

There has been a dramatic 45 per cent drop in the number of house sales in London, new research has indicated.

Read Article ... Published on 9th July, 2008

New public area planned for Borough Market

London's Borough Market is set to get an extension, which could provide a boost to the property market in the area.

Read Article ... Published on 9th July, 2008

Many landlords improperly protecting deposits

Almost two thirds of UK landlords are failing to adhere to tenancy deposit rules on their property, according to latest findings.

Read Article ... Published on 9th July, 2008

Landlords associations announce merger

The National Landlords Association (NLA) and the National Federation of Residential Landlords (NFRL) have revealed that they are to merge.

Read Article ... Published on 8th July, 2008

Fixed-rate deals increasingly expensive

The cost of fixed-rate mortgage deals is continuing to rise, according to new research.

Read Article ... Published on 8th July, 2008

Empty buildings tax 'a threat to landlords'

Landlords could be subjected to a £142 million bill as a result of empty buildings tax.

Read Article ... Published on 8th July, 2008

FTBs warned against joint mortgages

First-time buyers (FTBs) should not get involved in complex joint ownership schemes.

Read Article ... Published on 7th July, 2008

Downturn 'will benefit rental sector'

The continuing downturn in the UK's house price market is expected to have a positive effect on the rental market, according to new research.

Read Article ... Published on 7th July, 2008

Hounslow council in green pledge

The London Borough of Hounslow is to take part in a national scheme to help tackle climate change.

Read Article ... Published on 7th July, 2008

Borrowers 'funding mortgages with loans'

Homeowners are increasingly being forced to take out personal loans in order to pay their rising mortgage payments, according to a new report.

Read Article ... Published on 5th July, 2008

Buy-to-let 'still an attractive investment'

Landlords have been told that the buy-to-let market remains an attractive investment, as long as they have a clear strategy.

Read Article ... Published on 5th July, 2008

London 'not immune to property crisis'

Property prices in London are falling at their fastest rate since 2002, in a further sign that the property crisis is deepening.

Read Article ... Published on 5th July, 2008

Minister visits £1bn Hackney project

Housing minister Caroline Flint has visited Hackney to oversee progress in the borough's much-vaunted £1 billion Woodberry Down regeneration project.

Read Article ... Published on 3rd July, 2008

Landlords 'should tailor properties to tenants'

Buy-to-let landlords have been told that tailoring properties to tenants' requirements will help attract more renters in the current economic climate.

Read Article ... Published on 3rd July, 2008

FTB told to 'save and sit out' housing market

First-time buyers (FTBs) have been advised by a leading mortgage advisor to "save and sit it out" until the mortgage market comes out of its current crisis.

Read Article ... Published on 3rd July, 2008

Schools boost house prices

Parents are prepared to pay up to 30 per cent more for properties in catchment areas of popular schools, according to a leading estate agent.

Read Article ... Published on 2nd July, 2008

London house sales decline

The number of homes sold in London fell further this month, in another sign of the housing crisis deepening.

Read Article ... Published on 2nd July, 2008

Landlords determined to retain properties

Buy-to-let investors are increasingly determined to maintain their property portfolios despite the consistent falls in house prices, according to a new survey.

Read Article ... Published on 2nd July, 2008

Annual house price falls 'accelerating'

Annual house price falls increased dramatically in June, new data has indicated.

Read Article ... Published on 1st July, 2008

Thames Gateway regeneration gathers steam

A plan to create a new residential development in Newham has progressed considerably following the exchange of contracts for the work.

Read Article ... Published on 1st July, 2008

Landlords warned over buy-to-let taxes

Landlords have been urged to get their tax returns in order after HM Revenue and Customs (HMRC) announced a clampdown on undeclared rental income.

Read Article ... Published on 1st July, 2008

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