Property Investors Weekly News: 07/02/2022
This week we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates
New landlord register and home improvement rules to be unveiled
Private landlords will be forced by law to bring their properties up to a set of national standards for the first time under plans to be unveiled in the government’s levelling-up strategy.
Michael Gove will be announcing legislation that will require landlords to refit approximately 800,000 properties that don’t meet requirements to be “safe, warm and well kept”. Anyone renting a house must also join the register which is being introduced under the legislation.
New year demand surge sees busiest January on record: Rightmove
Latest data released by Rightmove show that this January was the busiest January on record for home-mover activity. January 2022 saw buyer demand up 16% compared to January 2021, and 24% compared to January 2020.
Void periods fall to five-year low
Newly released data from Paragon Bank shows that void periods have been steadily declining over the last 18 months and have now reached their lowest level for the last 5 years.