Two former housing ministers have criticised the Government for scrapping housebuilding targets.
Michael Gove’s proposed rental reforms are already forcing landlords to quit the housing market, the Royal Institute of Chartered Surveyors (RICS) has warned, as rising mortgage rates trigger a slump in landlord lending.
LONDON (Reuters) - Britain's housing market showed some improvement in May but further interest rates increases by the Bank of England are expected to put more pressure on demand and on prices in the coming months, an industry survey showed on Thursday last week.
Some 11% of the homes on sale right now are owned by landlords quitting the private rental sector.
Residential and non-residential property transactions fell in April.
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 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.
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