Proptech firm iamproperty has joined the Open Property Data Association, becoming part of an industry-wide initiative to standardise property information across UK transactions. The company will support the development of open data standards aimed at reducing friction in the home buying and selling process. The post Proptech firm iamproperty joins Open Property Data Association appeared first on...
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Tenants in the UK are spending 32.7% of their annual income on rent, according to new research from Lomond, as average monthly rents reach £1,369. The data shows average monthly rent has increased 4.3% year-on-year, continuing an upward trend in the rental market. The post Tenants spend third of income on rent as prices rise 4.3% appeared first on...
Rising operational costs and increased regulation are driving landlords to exit the private rental sector, according to warnings from industry figures. The caution comes as Office for National Statistics figures show rents increased 3.7% in the year to July 2026. The post Landlord exodus warning as sector faces regulatory pressure appeared first on...
Housing Secretary Angela Rayner faces pressure from 26 MPs to introduce rent controls, despite IFS warnings that such measures could reduce housing supply and push down property prices. The government has confirmed it has no plans to implement rent controls. The post Rent control debate intensifies as IFS warns of supply risks appeared first on...
One in ten prospective homebuyers in the UK is seeking to purchase property specifically to own a pet, according to new research from Skipton Building Society. The lender's data reveals that an additional 11% of buyers are actively searching for pet-friendly properties. The post Pet ownership drives homebuying decisions, new data shows appeared first on...
Limited company ownership now accounts for 45.1% of buy-to-let properties in the UK, with the structure becoming the dominant model among landlords with larger portfolios. Analysis shows that for landlords with 20 or more properties, 57.6% now operate through limited company structures. The post Limited company structures now account for 45% of BTL ownership appeared first on...
A Birmingham-based lettings agent accused of withholding tenant deposits and failing to pass rent to landlords has been found falsely presenting himself as a member of Propertymark, the industry trade body. The post Lettings agent falsely claimed industry membership appeared first on...
Home searches across the UK have increased by 7% year-on-year following a quiet summer period, according to new data from Zoopla. However, buyers are facing a 9% reduction in purchasing power due to rising mortgage costs, with average five-year fixed rates climbing from below 4% in January to approximately 4.8% currently. The post UK home searches rise 7% despite 9% drop in buyer purchasing power appeared...
Sourced Group has acquired Open House Estate Agents, bringing 104 franchisees into its network and offering them access to a funded acquisitions programme. The combined network now comprises more than 230 franchisees across the UK. The post Sourced Group acquires Open House estate agents appeared first on...
More than two in five British adults support new homes being built within three miles of their residence, according to research from Barclays. The findings suggest that 'YIMBY' sentiment is more prevalent than 'NIMBY' attitudes across the UK, with support strongest among younger generations. The post Public support for local housebuilding outweighs opposition appeared first on...