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Call for MOT system for rented homes in UK
New minimum standards should be introduced for the private rented sector in the UK and landlords should receive tax incentives for signing up to accreditation schemes, it is suggested. More needs to be done to improve the quality of private homes across the board, including a new set of minimum standards for landlords which cover […] The post Call for MOT system for rented homes in UK appeared first on PropertyWire . Continue reading →
Tax change could result in UK landlords putting up rents by 20% to 30%
Tenants in the UK private rented sector face potential rent increases of up to 30% as a result of tax changes, it is claimed in a new analysis report. Tax changes, including the 3% extra stamp duty on additional properties, that have affected landlords are having a negative effect on the supply of rental properties […] The post Tax change could result in UK landlords putting up rents by 20% to 30% appeared first on PropertyWire . Continue reading →
Gap between London house prices and rest of England and Wales widens
The gap in average house prices between London and the rest of England and Wales has significantly widened over the past 20 years, new research shows. Overall the research from Lloyds Bank shows that London house prices are now nearly 12 times average earnings and the private housing stock in London is worth £1.27 trillion, […] The post Gap between London house prices and rest of England and Wales widens appeared first on PropertyWire . Continue reading →