Private Rent & House Prices - UK: April 2025
A lot of discussion has been around the way in which the Renters’ Rights Bill is dealing with rent increases, challenging rent increases and the role of the FTT. A useful resource for all stakeholders is the Office of National Statistics.
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation.
Average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March 2025 (provisional estimate); this annual growth rate is down from 8.1% in the 12 months to February 2025.
The Importance of Property Inspections
In private renting, routine property inspections form an essential part of successful property management. For Landlords and letting agents alike, these inspections serve multiple functions—preserving the condition of the property, ensuring compliance with legislative obligations, and fostering good tenant relationships. Neglecting this key aspect of property management can result in costly repairs, legal complications, and unnecessary disputes.
Renters’ Rights Bill reaches Committee Stage - 22nd April 2025
Since the 2nd Reading in the House of Lords, those with a vested interest have been waiting for the date of the Committee Stage to be announced.
The dates of the sittings in the House of Lords have been published - The Committee Stage will begin on April 22nd, 2025.
Celebrating Property Managers
Everyday brings with it a whole range of issues that Property Managers need to navigate, from water leaks to boiler breakdowns that result in no heating and no hot water. The seasons bring with them a raft of “damage” , which include but are not limited to blown down fences, missing roof tiles, excessive cold and other weather related matters.
Whilst the valuers and negotiators land new business, in the background property managers oversee the problem solving, the customer care & customer service elements and the client relationship management - 24/7, 365 days a year.