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Manhattan rents fell year-over-year by the most in nearly seven years in March, according to a report from Douglas Elliman Real Estate. This happened even though landlords continue to offer several concessions to get new leases. Manhattan landlords seem to be running out of tricks. They’re aggressively offering a month of free rent and other […]
Amr Alfiky/Reuters Landlords in New York City offered concessions like a month of free rent to lease a record share of apartments last month, according to the real-estate appraiser Miller Samuel. Apartment hunters are getting these perks amid a deluge of new rental properties on the market, especially at the high end. “That will continue […]
Whilst the new Stamp Duty relief scheme stole the headlines, quietly in the budget small print was the news that those who invest in property using a Special Purpose Vehicle (SPV) will, as of next year, pay an increase in Capital Gains Tax when they sell the property, due to a freeze on indexation allowance.Prior […]
GETTY Migrants changed their habits: they are more likely to privately rent than live in social housing The lender indicates that this is perhaps the result of low mortgage rates and healthy rates of employment growth, but that these factors are being tempered by pressure on household incomes, which appears to be weighing on confidence. […]
The call comes as the proportion of buy-to-let remortgage transactions, as a share of the total lending market, has risen over the last few months, and as a diminishing demand for new buy to let loans has driven many lenders to slash mortgage rates. The National Landlords Association (NLA) says the rise in remortgages is […]
Spencer Platt/Getty The perks that landlords in New York use to lure new tenants may soon be cut back. Landlords offer perks like gift cards and a month of free rent to attract new tenants, especially when it’s a new building that needs to be filled up. In Brooklyn, these concessions more than doubled from a year […]
The concluding part of the three-episode series saw property magnates moving into the houses they were renting out and attempt to survive on the budgets of their tenants for a week. This evening saw Birmingham landlord Samuel get a huge shock when he stepped into his tenant’s shoes as he and his partner tried surviving […]
Tenant Vishal had been working out his financial outgoings when he discovered something in the house that he hadn’t accounted for. Leeds millionaire landlord Prab had not communicated the oversight and worked hard to rectify the issue as quickly as possible. Pointing to an electric meter, Vishal said: “This electric meter is shared with my […]
The first instalment of the BBC show saw father and son Peter and Marc trade places with 66-year-old Linda, who is charged over £950 for her two bedroom flat. Their tenant revealed to viewers at home that she works three jobs to pay her electricity bill which has gone up in price since the landlords […]
A deposit is put down by renters to ensure the landlord can pay for damage that may happen to the property or anything else that could breach the tenancy agreement. This could also include not paying rent. In the case that the tenant breaches the terms of the tenancy, the landlord can take cash from […]
