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UK residential rents up 2.3% year on year, but fall in Scotland

Rent prices in the UK increased by 2.3% in the 12 months to October 2016 but there are regional differences and rates have fallen in Scotland. The index data from the Office of National Statistics shows that rent increased by 2.5% in England and by 0.4% in Wales but fell by 0.2% in Scotland. The […] The post UK residential rents up 2.3% year on year, but fall in Scotland appeared first on PropertyWire . Continue reading

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Ban on letting agent fees divides UK rental industry

Opinion is divided over whether or not the decision to ban letting agent fees in England is a good move for the private rental market. The announcement by Chancellor Philip Hammond that the ban will be introduced as soon as possible was met with dismay by letting agent and landlord organisations who warned that agents […] The post Ban on letting agent fees divides UK rental industry appeared first on PropertyWire . Continue reading

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UK property industry disappointed over lack of stamp duty reform

There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier […] The post UK property industry disappointed over lack of stamp duty reform appeared first on PropertyWire . Continue reading

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