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...Higher mortgage rates have accentuated the country’s housing shortage, resulting in landlords passing the higher borrowing costs in the form of rent rises to tenants....
...He added that as well as reducing the discounts, a Labour government would increase the length of time new tenants in social housing would have to wait until they had the right to take part in the scheme...
...UK rents rose at a record pace of 9.2 per cent last month while house prices stagnated, with London hit hardest, as higher borrowing costs continued to squeeze both landlords and tenants....
...two years after her death, a selection of the statement-making lapel pins that became intrinsic to the former US secretary of state’s “personal diplomatic arsenal” will feature, alongside other treasured possessions...
...The government said student tenants should have the flexibility offered to all tenants. Bringing in a new code to cover student housing was not “viable”, it added....
...This comes as average UK house prices decreased 0.2 per cent in the year to February to £281,000, having fallen 1.3 per cent in January....
...The average rent on a newly let property in Greater London stood at £2,315 a month in January, according to Hamptons....
...In Edinburgh it hit 15.2 per cent and 13.2 per cent in Glasgow....
...Wednesday’s ONS statistics identified London as the English region with both the most expensive rent, at an average of over £2,000 a month, and the fastest rises, at 10.6 per cent a year....
...However, the government has been under pressure from landlords to make sure they retain the ability to get rid of problem tenants, especially given severe delays in the court system....
...The party secured 14.6 per cent of the vote on October 8, up from 10.2 per cent in 2018, hailing the victory as a breakout moment that demonstrated its pan-German appeal....
...The ability to attract Citadel as a tenant delivers a boost to the Broadgate project at a time when British Land is exploring bringing in another investor in the joint venture....
...The London rental market has started to “normalise” after a year of short supply and record recent increases in rents, according to Foxtons, with fewer prospective tenants chasing each listing....
...British Land reported its £8.7bn portfolio declined 2.5 per cent in the six months to September, a smaller drop than last year, as rising interest rates continued to dent property values....
...“If your rental income [as a landlord] has gone from €2,000 to €800 you will be losing money. Once the tenant leaves, you sell,” said Stuurman....
...Transactions in the first half of the year dropped to £1.9bn, down from £2.5bn a year earlier, according to Cushman & Wakefield data....
...Landlords in turn have passed on their higher borrowing costs to tenants....
...The English rental market is dominated by small landlords, and tenants have faced record rent increases over the past year....
...Under Benko’s direction, the group honed a modus operandi of buying unloved but high-potential properties in city centres, redeveloping them, inviting in ultra-luxury tenants, and then giving them high valuations...
...It said food price inflation was an “inevitable” result and challenged a government estimate putting it at just 0.2 per cent. The new regime is being introduced in three phases....
...In its favour, SBB’s portfolio remains relatively attractive. Many of its health and education properties are occupied by government-backed tenants paying inflation-linked rents....
...Private sector builders accounted for 64.2 per cent of housing completions in Scotland in the first quarter this year, compared with 73.9 per cent in England....
...The Newcastle-based company has added 1,640 new rental homes in 2023, and on Wednesday announced a partnership to build 2,000 more units on land provided by Network Rail....
...This was smaller than a revised fall of 2.3 per cent in November 2023, but marked six consecutive months of contraction....
...its possession....
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