Some 11% of the homes on sale right now are owned by landlords quitting the private rental sector.

Renters Reform Bill worse than feared!

Residential and non-residential property transactions fell in April.

Asking prices for British homes rose in May by more than in any other month this year as a better economic outlook and steadier mortgage rates offset the impact of the Bank of England's interest rates rises, property website Rightmove said.

Strong rental growth pushed the average monthly rent on a newly let property outside London up to £1,002 pcm in April, passing the £1k pcm mark for the first time.

The Bank of England is expected to raise interest rates above 5% before the end of the year after the UK annual inflation rate fell by less than expected last month as food prices accelerated at the fastest pace for 45 years.

The Renters’ Reform Bill has unveiled a new database that could turn into a tax ‘gold mine’ for HMRC to chase after landlords who haven’t been paying their taxes, one firm warns.

New figures from HMRC reveal that the taxman collected £18.1 billion in CGT in 2022/23 and means the public now pay more CGT than the hated Stamp Duty.