The Government need to take action in this year’s budget to help the growing army of individual landlords provide more homes to rent, according to the Residential Landlords’ Association (RLA).
With industry experts suggesting that one in five households will be in the private rented sector by 2016, the RLA say that relying on institutional investment will not be enough to secure the number of properties needed.
Some are predicting that by 2016, 4.1 million British adults will have given up on the idea of ever owning their own home.
Superfast internet speeds are becoming increasingly important to prospective homebuyers according to experts.
Houses without broadband could be worth up to 20% less than comparable properties with a strong connection.
With an ever-increasing number of people going online to perform tasks or work from home, a good connection is considered so vital that the property search website Rightmove has now added a broadband speed checker to its listings.
Home ownership fell to its lowest level in 25 years in 2012/13, according to official figures.
The number of private tenants also overtook the number in social housing for the first time in a further indication of how property habits have shifted over the last three years.
The proportion of homes lived in by owner-occupiers has dropped to 65.2% down from 71% in 2003 and its lowest level since 1987, according to the latest English housing survey.
Households in the UK are positive that the value of their home rose at the strongest rate in five years in February.
According to the latest house price index from Knight Frank and Markit Economics, households in every region of England and Wales expect the value of their home to rise over the next 12 months at the strongest rate since the index began in 2009.
A landlord has been ordered to pay more than £3,000 in costs, after a court appeal against a fire safety enforcement notice was dismissed.
The fine was paid to Lancashire Fire and Rescue Service (LFRS) by Eli Zohar, according to the Lancaster Guardian. Zohar had ignored the notice, claiming it was not specific enough.
LFRS issued the warning to the landlord to address the fire safety deficiencies in the house of multiple occupations (HMO) in the west end area of Morecambe.
The property market in January saw a 56% rise in first time buyers, the biggest rise of any type of buyer.
January also saw a solid 29% rise in the number of buy-to-let landlords, according to new research published this week by Connells Survey & Valuation.
The figures also show demand for rental property remains strong, despite the rise in first-time buyers and increased demand for new homes.
A parking space in London has sold for £400,000, 2.5 times the cost of an average UK home, making it the most expensive of its kind in Britain.
The underground space, which can fit two cars, is near London’s Royal Albert Hall in Kensington and costs 15 times the average UK salary of £26,500.
For the same amount of money, a motorist could afford to park their car 880 yards away at the nearest NCP car park for 31 years – at a cost of £35.10 a day.