Renting – a tale of 3 major cities
The Royal Institution of Chartered Surveyors (RICS) has commented on research carried out by LSE London, commissioned by Get Living London.
The research reviews middle-income renting in Berlin, New York and London. The aim of the research was to understand if renters in Berlin and New York were more satisfied with the private rental sector than middle-income families in London.
Immi-grey-tion Act 2014
“The UK private rental market continues to grow at a pace as we approach 2015. With at least five tenants chasing one property at any one time, it’s no surprise that private landlords now manage almost a fifth of homes in the UK.
With the rate the market is continuing to grow at, it’s obvious that the need for increased regulation has become greater for all parties involved – landlords, tenants and letting agencies. Indeed, it’s clear that legal measures need to be in place to both promote and protect these parties in a fair and just way and to stamp out unscrupulous traders.
Eviction at an all-time high
In the three months to September 2014 more than 11,000 individuals and families were evicted from their rental property. Eviction is at an unprecedented high, with housing charity Shelter commenting that the statistics could mean that 40,000 individuals and families could be evicted this year a 117% increase on the same period last year.
The constant balance of landlord and tenants’ rights is illustrated in the statistics. Tenants facing rental increases and inflation in living costs can find it difficult to pay their rent and private landlords are looking to capitalize on their investment in light of likely interest rate changes in 2015.
GFW Letting Supports Gas Safety Week
We are proud to be supporting Gas Safety Week 2014, taking place 15th – 21st September.
Gas Safety Week is an annual safety week to raise awareness of gas safety and the importance of taking care of your gas appliances. It is co-ordinated by Gas Safe Register, the official list of gas engineers who are legally allowed to work on gas.
GFW Research looks at Jesmond property market
GFW Research, part of the George F. White Group, publicises fresh research on the popular Jesmond lettings market, highlighting a significant difference in rental returns and capital values depending on a property’s status.
Compiled to help property investors make informed decisions about the locations they choose to invest in, the research has found that property values in Jesmond can be significantly affected by a planning policy which is often overlooked by prospective purchasers.