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Property Investors Weekly News: 28/11/2022

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Emma Wren
November 28, 2022

Council tax crisis for HMO tenants averted after Commons statement

Increasing numbers of HMOs across the UK have seen their properties being re-banded by the Valuation Office Agency (VOA) who have discretionary powers to charge council tax per room as opposed to per property.

Thanks to the incredible work of everyone involved in the HMOs and Council Tax Facebook group they are finally getting a consultation which will be launched in January about the unfair re-banding of HMO rooms for council tax.

Join the Facebook group HMOs and Council Tax for more information and to offer support.

https://www.landlordzone.co.uk/news/latest-council-tax-crisis-for-hmo-tenants-averted-after-commons-statement/

Early signs that more high-value rental properties will come available

In prime London postcodes rental value growth remains firmly in double-digits as demand continues to outstrip supply in October, the latest lettings report from Knight Frank reveals.

https://propertyindustryeye.com/early-signs-that-more-high-value-rental-properties-will-come-available/

Government urged to reform the rental market

According to Rightmove, rent and bills are now close to two thirds of the average income outside of London.

Antony Antoniou, MD of Robert Irving Burns says that the government should be doing more to ease the housing shortage and improve the quality of housing stock.

http:// https://propertyindustryeye.com/government-urged-to-reform-the-rental-market/

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Emma Wren