Archive for September, 2023

Propertymark: Persistent Rental Demand Outpaces Supply

Posted on Tuesday, 26 September, 2023

August witnessed a rise in the average number of potential tenants registering for rental properties, with 197 registrations compared to the 149 recorded in July. Simultaneously, the supply of available rental properties per member branch dwindled, averaging just 11. Furthermore, 69% of agents participating in the survey reported an increase…

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Government Makes a U-Turn, Cancels Plans for EPC Upgrades

Posted on Sunday, 24 September, 2023

Rishi Sunak has officially confirmed the growing speculations regarding the government’s intention to ease certain critical green policies, specifically the proposed minimum Energy Performance Certificate (EPC) standards for rental properties. These standards were expected to impose significant costs on landlords. In his address, Sunak pointed out the substantial expenses associated…

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Bank of England Maintains Interest Rates at 5.25%

Posted on Sunday, 24 September, 2023

The Monetary Policy Committee of the Bank of England has voted narrowly, with a 5-4 split decision, to maintain the Bank Rate at its current level of 5.25%. This decision comes after a staggering 14 consecutive rate increases aimed at curbing inflation. The financial industry had been in a state…

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