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Property News 2013/2014 /2015/ 2016 (latest month at top, scroll down for earlier reports - featured on this site since 2005)

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Latest HomeLet August 2016 Rental Index figures have just been released

HomeLet one of the major UK Landlord and Tenant rental insurance companies has just released the August Rental index. Rents across the UK continued to rise during August, with this year’s trend of modest inflation continuing, according to the August Rental Index. Tenants signing up to a new tenancy during August agreed to pay an average rent of £913 a month, a 3.1 per cent increase on the same month of 2015. Moe Here September 2016

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Intasure is appointed by BIBA as Holiday Homes scheme provider

The British Insurance Brokers’ Association (BIBA) has launched its first ever holiday home scheme in partnership with specialist provider Intasure, part of the Arthur J. Gallagher group, offering members the ability to quote and bind cover for properties in more than 40 countries ,with legal expenses insurance included at no additional charge. More Here May 20015

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Tenants safer under new government measures - March 2015

Landlords will be required by law to install working smoke and carbon monoxide alarms in their properties -Landlords will be required by law to install working smoke and carbon monoxide alarms in their properties, under measures announced by Housing Minister Brandon Lewis today (11 March 2015). More on this here March 2015 Back to top

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Ireland has world's fastest growing house prices

According to the report in the January edition of "Property Professional" - The Magazine of ARLA and the NAEA and other associations forming part of NFOPP - Ireland has the world's fastest growing house prices. The report says that only six years after Ireland's crash saw 50% wiped from its property market values, the country has been declared as having the fastest growing house prices in the world. More on this Here February 2015 Back to top

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Renting and Letting in Scotland what could happen next?

With the vote on independence on the 18th September not far away, various landlord magazines are full of articles on Scotland and the Scottish rental market. One observation I cannot find anything about yet is the tax situation. Presumably if the "Yes" vote wins and Scotland becomes an independent country next March them any landlord living in Scotland who owns a property in what is left of the UK will be treated by HMRC Customs and Revenue as an "Overseas Landlord". The effect being that unless the landlord obtains a NRL8 approval under the FICO system then any agent (or tenant if rental is paid to the landlord direct) will have to withhold an amount for tax. More on this Here August 2014 Back to top

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What has happended to the property section in the international edition of the Irish Times?

The international edition of the Irish Times on a Thursday use to have a property section that was the same or a slightly edited version of the property section in the domestic home market edition of the Irish Times. The eighteen page supplement on the left did not come from the International edition, but was posted out from Dublin last Thursday. More on this Here June 2014 Back to top

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Buy-to-let now 18 years old in the UK

Back in 1996 ARLA The Association of Residential Letting Agents came up with the "Buy-to-Let" concept. This was to encourage investors to buy property and let it out. This had followed on from an earlier Government's scheme called "The Business Expansion Scheme" BES. The objective of this earlier investment model was for specialist BES Companies to be established, they had their own tenancies and the properties could be bought for a given amount, kept for three to five years and sold on for a profit. More on this Here April 2014 Back to top

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UK rents at lowest amount since May 2013 according to latest HomeLet Insurance Rental Index

The November 2013 HomeLet Landlord and Tenant insurance Rental Index is now out. It says that despite being 3.9% higher than last year, the average cost of renting a home in the UK is at its lowest amount since May 2013, according to new research.More on this Here December 2013 Back to top

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Eric Pickles plans greater regulation of private rented sector

The Government has unveiled a package of proposals to improve regulation of the private rented housing sector, including establishment of a tenant’s charter. Communities Secretary Eric Pickles is planning to force letting and property management agents to join a compulsory redress scheme, ensuring independent investigation of poor service and increasing the likelihood of compensation for badly treated residents. More on this Here October 2013 Back to top

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Rents have risen to record levels

Rents across England and Wales hit record levels in September, with the average price paid by private tenants hitting £757 a month, according to research from property firm LSL Property Services. More on this Here October 2013 Back to top

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Carbon Monoxide Awareness Week 2013

It is Carbon Monoxide Awareness Week. The dangers associated with carbon monoxide are promoted to the general public every year through television, radio, press, digital and direct mail advertising. This year, however, in an effort to do something different and to generate greater public engagement on the subject of carbon monoxide, a dedicated Carbon Monoxide Awareness Week is being held from September 23rd to September 29th. More on this Here September 2013 Back to top

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The Committee of Advertising Practice (CAP) Compliance team have published the following letter about important information about non-optional fees in ads for rental properties. This information concerns the need to prominently include information about non-optional fees around rental prices (the "asking rent") in your marketing communications in all media.View this letter here September 2013 Back to top

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Legionella Concerns in rental property - information for providers of residential accommodation from The Health & Safety Executive September 2013

The revised Approved Code of Practice (ACOP) and guidance Legionnaires' disease: The control of legionella bacteria in water systems has some important changes that could affect you as a provider of residential accommodation. This short guide will help you understand what these changes mean for you, and the action you will need to take to ensure that the risk from exposure to legionella in the premises you are responsible for is properly controlled.

View this information here September 2013 Back to top

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Rise in residential rents in Dublin and Cork, Ireland as a result of a shortage of new homes

2013 got off to a strong start for Ireland’s residential lettings market, particularly in Dublin, according to property consultants Savills Ireland. With unprecedented demand for rental property, Savills say rents have started to increase in many areas and this pace looks set to continue. Rents in most parts of Dublin are now between 2-4%higher than they were a year ago with some developments seeing increases of up to 8% year on year. Savills Cork report a similar trend with rents up 5% in the greater Cork area. The Savills report mirrors the results of a new monitor of housing market activity, published yesterday by the Irish Banking Federation More on this Here February 2013 Back to top

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Only just over a month to go before Deposit Regulation in Northern Ireland

On the 6th April 2007 new rules were introduced in England and Wales about the holding of rental deposits in the most popular form of tenancy - AST - Assured Shorthold Tenancies.Bascically deposits had to be registered and this was something that had been done in Australia for a while So a new scheme was set up to protect tenancy deposits from being misappropriated and offers a free dispute resolution service in the event that landlords and tenants cannot agree over how the deposit is to be apportioned. More on this Here February 2013 Back to top

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Complete Green Deal solution for landlords launched by the NLA

The National Landlords Association (NLA) has today launched NLA Green Deal, a complete Green Deal solution which will enable landlords to make energy efficiency improvements to their properties with ease. The Government’s Green Deal offers landlords and home owners a cost-neutral solution to making their properties more energy efficient. Improvements such as cavity wall insulation, loft insulation, double glazing and boiler replacement can be made and any up-front cost to the landlord is refundable. More on this Here February 2013 Back to top

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Landlords "TAXSAULTED” By Government

The Irish Property Owners Association (IPOA) have accused the Government of what they call “taxsault” – assault by taxation. In a strongly worded letter to the 50 TDs and 21 Senators who are themselves private residential landlords, the IPOA said that there has been a “grave injustice” to the providers of private rental accommodation for 700,000 people.More on this Here February 2013 Back to top

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Landlords Welcome Tax Deductible Property Tax

The Irish Property Owners Association (IPOA) welcomed clarification from the Minister for Finance that the Local Property Tax, due to apply from the summer, will be a tax deductible expense from rental income. “At last, there is some tangible recognition for landlords, who are providing an essential service in housing 20% of people in Ireland (700,000)”, said Stephen Faughnan, Chairman of the IPOA. “However, we are concerned at the Minister’s suggestion that it will be introduced on a phased basis.” More on this Here February 2013 Back to top

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Landlords in Liverpool to face compulsory Licensing

Liverpool is now the second council to announce plans to introduce compulsory city wide licencing for private rented accommodation.This scheme could come into force in 2013 and would mean all property owners who let their properties out would need to apply for a licence that means they would have to agree to comply with a minimum set of standards. There are currently around 50,000 properties let out in Liverpool.

They already have HMO licencing and landlords would have to pay for this new licence. The other Council that has introduced this is the London Borough of Newham which introduced the scheme from January 2013. So who will be next Oxford that has introduced cost-neutral licensing to bring evasive rogue landlords within their reach? Meanwhile Landlord organisations have rejected the Labour party's plans to introduce a national register of landlords. February 2013 Back to top

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Latest HomeLet Rental Index is out & average UK rental prices increase by 4.7%

HomeLet the Landlord and Tenant insurance specialists have just issued the final rental price index for 2012. They say that "Average UK rental prices increase by 4.7%" It shows the average cost of renting a home in the UK has increased by 4.7% over the past year to £782 per month. More on this Here January 2013 Back to top

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Danger of Wood burning Stoves in the news

The Irish Times property section on Thursday 24th January featured an article on "Poisoning risk from poorly fitted stoves" This was about the 350,000 or so solid fuel burning stoves that have become a popular feature in some 350,000 Irish homes may have been poorly installed. These could be putting people at risk from CO (carbon monoxide poison). The report says that according to Patrick Cowan, the president of the Chimney Sweeps Association of Ireland - "When a stove is fitted in front of a fireplace you are changing the material use of the chimney" More on this Here January 2013 Back to top

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Tenants Information packs will be required in Scotland

The Scottish Government has announced that all landlords who issue an assured Shorthold Tenancy will have a duty to provide tenants with a "Tenant Information Pack" as from Spring 2013. The pack will not be required for existing lets, but only for new tenacies. The Tenant Information Pack will be a standardised document available via the Scottish Government website. It will include information on tenancy agreements, property condition and the rights and responsibilities of landlords and tenants.January 2013 Back to top

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New boss for Nice Côte d'Azur Airport Group in France

43 year old Dominique Thillaud is to become the new boss at Nice Côte d'Azur Airport. He replaces outgoing Herve de Place who retired in September after being at the airport for over 40 years. Monsieur De Place was behind the transformation of a single runway with one terminal airport into what it is today and France's number two airport.The new person in charge started his management career with BNP Paribas in Brussels and then moved to PricewaterhouseCoopers. In 2002 he became Director of Operations at SNCF (French rail). January 2013 Back to top

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Place du Casino, Monaco to become a building site in January 2014

The Government in Monaco is going to spend a fair amount of euros modernising the Hôtel de Paris and the Sporting d'Hiver which will be demolished starting in January 2014. Work will last around four years. Should make some interesting shots on the F1 grand prix coverage. January 2013 Back to top

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PropertyLive, will be closed by the end of January 2013

The NAEA / ARLA (NFOPP) property website is to close - members were informed via email communication on Monday 14th January 2013.

“Following recent changes to its management framework, the National Federation of Property Professionals – NFoPP – (which includes NAEA, ARLA, ICBA and NAVA) today announced it is embarking on a restructure of its staff. This reflects a change in focus to promote its core brands and advocacy role within the sector.

“As part of the restructure, NFoPP’s property search website, PropertyLive, will be closed by the end of January. This move will enable NFoPP to redirect investment towards those brands and marketing activities that deliver the most benefit to members. Every endeavour will be made to integrate staff into several new roles being created.

“The Federation is exploring opportunities to distinguish properties available to buy or rent from its members on other portals, ensuring its resources are focused instead on driving industry reputation with and for its members.

“A full and open consultation is under way with all staff at Arbon House and the review is expected to be completed over the next few weeks. The overall objective is to better deliver on NFoPP’s strategic priorities.” January 2013 Back to top

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Tenancy Deposit Protection for Northern Ireland

The January / February 2013 UK Landlord magazine has reported news about the Tenancy Deposit scheme that is currently operated in England and Wales and Scotland going to Northern Ireland as well. Legislation has now been approved for tenancy deposit protection schemes to be introduced in Northern Ireland early in 2013. According to "UK Landlord" - Northern Ireland's Minister for Social Development, Nelson McCausland has invited expressions of interest from organisations to operate a new tenancy deposit protection scheme in Northern Ireland. More on this Here January 2013 Back to top

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Changes for BER - EPC certificates from 9th January 2013

Wednesday 9th January 2013 saw changes for BER certificates in Ireland and other EU member states. Whatever the local terminology of these certificates - Diagnostic de Performance Énergétique (DPE) in France, Building Energy Rating - Certificates in Ireland (BER) or Energy Performance Certificate (EPC) in the UK including Northern Ireland there were changes in the rules from Wednesday. More on this Here January 2013 Back to top

 

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