Latest News

Ex-Housing Minister calls for changes to landlords Capital Gains Tax

18 April 2019

Former Housing Minister, Dominic Raab has called for Capital Gains Tax (CGT) for landlords to be scrapped on properties up to £35,000 where they have sold the property on to a sitting tenant. Read More...

Bristol City Council to lead on lettings enforcement

18 April 2019

Bristol City Council has been announced as the Lead Enforcement Authority for letting agents operating in England. The new Lead Enforcement Authority follows its counterpart for UK-wide estate agency, which is headed by Powys County Council. Read More...

Government consult on extending AML rules to lettings

16 April 2019

On 15 April 2019, the UK Government launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Read More...

How landlords can comply with licensing schemes

16 April 2019

The Private Rental Sector (PRS) is undergoing a revolution. Key to this sector are Houses in Multiple Occupation (HMOs): properties with 3 or more people, forming 2 or more households. HMOs often have the potential to generate higher yields for landlords than standard single dwellings and as such attract investors into the sector. They can also offer more affordable accommodation to tenants than single bed flats or studios thereby serving an important role in the PRS. Read More...

Rise in stay-at-home young adults

Thursday 11 April 2019

Research from Civitas, Institute for the Study of Civil Society, shows a million more sons and daughters in the UK are living with their parents than there were two decades ago.

The report states that a quarter of 20 to 34-year-olds live at home and since 1998 this has risen by 41% in London, where housing is most expensive, but by much less in cheaper areas like north-east England (14%) and Yorkshire and the Humber (17%).

And for 23-year-olds across the UK, the proportion living with parents has risen from 37% in 1998 to 49% in 2017.

Civitas Editorial Director, Daniel Bentley said: "As owner-occupation and social housing have each become more difficult to enter, hundreds of thousands of young adults have taken one look at the high rents in the private rented sector and decided to stay with their parents a bit longer instead."

He added that it was essential the government took this into account when forecasting future housing need.

The study also suggests youngsters who do move out are much less likely to live on their own than they were in the late 1990s and single-person households have dropped to 30% in recent years.

This is in stark contrast to most of northern and western Europe, the report says, where single living has been increasing rapidly.

In France and the Netherlands, 35% of households are single-person. And this rises to more than 40% in Germany and Denmark.

New homes

A spokesman for the Ministry of Housing, Communities and Local Government said: "For the last 30 years, governments of all stripes and types have failed to build enough homes, but we're turning that ship around.

"We still need to deliver more, better, faster, but more than 222,000 homes were delivered in 2017-18, the highest level in all but one of the last 31 years.

"We've also set out an ambitious package of measures to help build 300,000 properties a year by the mid-2020s.

"This includes over £44bn investment, rewriting the planning rules and giving local authorities the power to build a new generation of council houses.

"We are also supporting investment in build-to-rent homes to improve supply and affordability in the private rented sector."

Propertymark resources

House Buying Advice and Guides are available on our Propertymark website which includes a video on top tips to help first time buyers, a guide to shared ownership and with a potential bargain to be had, some tips about buying a property at auction.