Grainger: Higher rents and acquisitions support double-digit growth Business Residential property giant Grainger has reported double digit rental income growth due to high demand in the rental market and continued price increases. Rental growth for the year was 6.3 per cent, down from 7.7 per cent in 2023. The property giant noted that rents had been supported by a tight housing market, with “rapidly [...]
UK’s biggest residential landlord praises government’s new Renters’ Rights Bill Property The UK’s largest listed residential landlord Grainger has praised the government’s new Renters’ Rights Bill, which was presented in Parliament on Wednesday. If approved, the bill would introduce a range of measures aimed at balancing the scales between tenants and landlords, as the government pledges to “clean up the mess” left in the rental market by [...]
Rents rise at slowest rate in nearly three years – but average hits £1,200 Property A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]
London rents hit record highs – but price increases are slowing April 30, 2024 Average advertised rents in London are now 5.3 per cent higher than last year, but there are signs that the pace of price increases are slowing, a leading property portal has found.
Reduced notice periods for renters are an open door for party flats April 24, 2024 Renters need more rights, but scrapping minimum tenancy terms would leave landlords unable to stop their properties being used for holiday lets, party flats or worse
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.