UK average rents are at their highest levels since 2014, reaching £996 – and marking the fifth consecutive month that the average price has increased, according to the latest analysis by Homelet.
Letting agents can play a key role in helping the rental sector adapt to the latest government legislation, known as Breathing Space, according to PayProp.
Using recently published Government data, new research by Paragon has shown that the North West is the most affordable region for tenants, followed by North East and Yorkshire.
The housing question is one of the central issues of our time, and events last week in Berlin underscored what’s at stake. In a much-anticipated ruling, Germany’s constitutional court in Karlsruhe ruled that Berlin’s Mietendeckel or rent cap was unconstitutional, and therefore null and void. The product of years of concerted organising by housing movements and leftwing parties in the city, the rent cap is wildly popular with Berlin’s tenants, who make up three-quarters of the city’s households. But it was hated by landlords, real-estate investors and members of Germany’s conservative political parties. The lawsuit against the cap was filed by 284 parliamentary members of the centre-right Christian Democratic Union (CDU) and Christian Social Union (CSU), and the neoliberal Free Democrats (FDP).
The median rental price plummeted 22 percent in November from a year earlier to US$2,743 a month, according to a report on Thursday by appraiser Miller Samuel and brokerage Douglas Elliman Real Estate. That's the lowest in data going back to October 2010.
New Yorkers are used to living in shoe box apartments. Now, more of them can see what it is like to live in something even smaller. Leasing begins Monday at Carmel Place, the city’s first micro-unit development, a nine-story, modular building at 335 East 27th Street with 55 studios ranging from 260 to 360 square feet.
Annual rent growth in the United States has slowed for the third month in a row but rents are still rising faster than historical norms, according to the latest index data.
Rents appreciated 4.5% year on year in October, down from 5.3% in September, down from a high of 6.6% in July and it is mostly due to more properties, specifically apartments, coming onto the market, the Zillow real estate market report shows.
Rent controls are set to be introduced in Ireland, with the move due to be agreed by the Irish cabinet tomorrow.
It is understood that landlords would only be able to increase rents every two years.
Residential rental market conditions outside of capital cities in Australia remained weak over the September 2015 quarter with prices falling or remaining flat.
Weekly rents fell the most in regional Western Australia with a decrease of 2.6, they were down 2.1% in the Northern Territory and down 1.7% in Victoria. The remaining capital cities all recorded flat condition over the three months ending September 2015.
Weekly rental rates in Australian capital cities were unchanged in September but in the last three months have risen at their slowest annual pace ever.
Indeed, the latest CoreLogic RP data report shows that the annual pace of rental growth across all capital cities is at a new record low of 0.5% in the year to September.
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