It's no secret that the past 18 months have been testing for the UK's lettings industry but now, even as government rental reforms are being finalised it’s becoming clear that the future success of the sector will require a mixture of the old and the new. Industry experts and professionals have recently shared their plans and views highlighting that while there's a clear appetite from all involved for more technologically driven options, the use and redevelopment of existing properties is also essential in the provision of rental homes.
After an unexpected period for the UK's lettings market, which saw many tenants search for larger properties with more space as soon as they were permitted, the London rental market has begun to see a return of interest in smaller properties in prime locations. With many firms supporting a return to the office for their staff, a recent survey shows that interest in the pied-a-terre sector of the London market has increased over the summer months.
As the UK begins to enjoy some normality after 18 months of Covid-19 fears and restrictions, the government is continuing to withdraw financial support from a variety of areas.
As UK house prices have surged during the past few months, spurred on by the stamp duty holiday and pent-up demand following lockdown, some potential landlords might find it a struggle to find the right area or city for investment.
A recent survey shows that student living costs have risen sharply in the past year and as the next academic year rolls around those studying for a degree may need to make use of some budgeting advice and apps to help them make the most of their income.