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Property News 2012 (latest month at top, scroll down for earlier reports - featured on this site since 2005)

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Cork Landlord fined over tenants's serious anti social behaviour

The Irish Examiner today has reported on the case of a West Cork landlord who has been ordered to pay almost €30,000 in damages after his tenants subjected neighbours to serious antisocial behaviour. More on this Here December 2012 Back to top

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Association of International Property Professionals (AIPP) becomes part of The National Federation of Property Professionals

The National Federation of Property Professionals (NFoPP) announced on the 17th October 2012 that it has joined forces with the Association of International Property Professionals (AIPP), strengthening both organisations offering in the international property sector. As part of the merger, the NAEA International brand will be subsumed into AIPP, which will retain its identity. AIPP was established six years ago and, since that time, has established itself as the leading force in the market. The industry body represents property specialists across the globe, including developers, agents and professional service providers. Sue Ash, Chair of AIPP, said: "The international property industry needs one strong, dedicated organisation committed to strengthening professional standards and giving the public confidence in buying property overseas" October 2012 Back to top

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Cost of renting a home in London 'has soared'

Landlords in London may be getting the best returns in the country due to rising rents - but they could find more tenants struggling to avoid properties as the monthly cost has soared. According to the HomeLet Rental Index for September, the average cost of renting a home in Greater London is now 6.3 per cent higher than it was last year at £1,273 per calendar month. However, this is an enormous 87.8 per cent more expensive than the average for the rest of the country, the highest difference ever witnessed. Elsewhere in Britain, rents rent up by an average of 1.4 per cent, taking them to £678 a month. HomeLet's managing director Ian Fraser said he often sees rents inflated during the summer as new students settle into their private rented accommodation, but they typically go down again by winter and the beginning of the following year. October 2012 Back to top

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Estate agents assisting with buying or selling overseas property now subject to Anti-Money Laundering regulations

Changes to the Anti-Money Laundering (AML) Regulations mean that UK-based estate agents who assist clients to buy or sell overseas property must comply with the regulations from 1 October 2012 and register as soon as possible. Those that fail to do so may be subject to a fine or face prosecution. The OFT also welcomes the decision of the First-Tier Tribunal to dismiss Sussex-based estate agent, Mansell McTaggart Limited's appeal against a £3,000 fine imposed by the OFT for carrying on estate agency work while unregistered. The Tribunal found that the penalty imposed in this case was appropriate. Mansell McTaggart Limited is now registered with the OFT under the AML Regulations. More on this Here Also October 2012 Back to top

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Welsh Government is looking a Compulsory registration of Landlords

The objective of the the Housing White Paper is that legislation will apply to all landlords and agents regardless of how many properties they have. Accreditation will secure full registration status which is effectively a licence to operate in wales. There are now approximately 182,000 homes that are rented from private landlords.It is all part of the Welsh Government's attempt to tackle homelessness. NLA comment Here June 2012 Back to top

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Interesting Rental information revealed by Rentguard Insurance and HomeLet Insurance

Easyroommate has said that short-term lets have been on the up. The website has revealed figures showing that, during April, the equivalent of 41 per cent of the property that is now being advertised online using its UK site took the form of short-term opportunities. Meanwhile HomeLet Landlord and Tenant insurance have just said "Tenants in London now paying 82% more than rest of UK". The average cost of renting a home in Greater London is now a massive 82% more expensive than the rest of the UK, according to the latest HomeLet Rental Index

More on this Here June 2012 Back to top

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Irish Landlord pays NPPR (Non Principal Private Residence tax) bill of €80,000

According to the latest rental market news from irishlandlord.com, Figures provided by Environment Minister Phil Hogan reveal that one landlord paid a whopping €80,000-plus to the Exchequer in non-principal private residence (NPPR) tax last year, this equated to 400 properties.

The data shows that 135,971 people paid the €200 NPPR tax last year for one NPPR unit, with a further 45,397 paying the tax for two to 10 units.

Underlining the increased level of compliance in relation to the tax, Mr Hogan said that 19,230 NPPR accounts last year incurred late registration fees and charges, compared to 23,730 in 2010. Collection of the tax in 2012 commenced on March 31 with June 30th being the deadline for payment. April 2012 Back to top

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HomeLet rental Index March 2012

The HomeLet rental index for rentals in the Uk has just been published

In March the average UK rent was £764, this is 5% higher than last year. Average tenant incomes in the UK rose by just 1.2% when compared with March 2011.Average rents in the UK rose by 2.6% from February to March; this is the largest monthly increase in rental values since August 2011.¦Rents in Greater London continued to rise and now stand at £1,158 per month ¦Despite rising rents, average tenant incomes in the capital were 3.5% lower than March 2011 More on this Here April 2012 Back to top

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Rents Fall For Second Month As Arrears Drop, According To The Latest Buy-To-Let Index

Good news for tenants and landlords alike, as the new Buy-to-Let Index from LSL Property Services plc, indicates that average rents in the UK fell for a second month and tenant arrears declined. In March, the average rent in England and Wales fell by 0.3% to £705 per month - however this decline, rents continue to rise in the UK on an annual basis.More on this Here April 2012 Back to top

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Potential Subsidence Problems in the UK in 2012

We have hose pipe bance coming in certain areas of England in April and have been experiencing a lot of dry weather over the last few months. Everyone must enjoy this beautiful spring weather, however everything in the garden is not rosy. I have just come across this news release from HomeLet Landlord and Tenant products insurance company. "HomeLet warns landlords of potential subsidence in 2012An unusually dry winter could mean disastrous consequences for UK homeowners....More on this Here March 2012 Back to top

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Insurance bill for October 2011 floods in Ireland reaches €127 million

The Irish Insurance Federation (IIF) has announced on the 12th January 2012 that the estimated total insured cost of last October’s floods is €127m. Many homes and businesses suffered substantial damage as a result of the flooding that mostly affected the East Coast, in particular Dublin. This was the fourth costliest weather event to affect the country, and the second largest flood event ever according to IIF data. More on this Here February 2012 Back to top

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NLA survey finds that Landlords in the UK see Property as Pension

A survey by the National Landlords Association (NLA) has found 81% of landlords expect to rely on their portfolio to help them financially after they stop working. Landlords regard their property portfolio as an important part of their post-retirement income, as their confidence in the economy slumps to an all-time low. More on this Here February 2012 Back to top

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HomeLet Insurance wins a national award for its innovation within the lettings industry

The specialist insurance company HomeLet for Landlord and Tenant insurance has won the Innovation category at this year’s 2011 Landlord and Lettings Awards. In addition to this, HomeLet Insurance was a finalist in the Insurance Services, Supplier and Website categories. More on this Here December 2011 Back to top

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Latest HomeLet Rental Index is out now

Seasonal trends see rents dip across UK as the latest HomeLet Rental Index shows that average UK rental amounts have decreased in eight of the 11 regions, including London, as part of a seasonal dip. According to HomeLet Landlord and Tenant Insurance More on this Here December 2011 Back to top

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HomeLet insurance raises money for the Nomad Trust of Lincoln

HomeLet the specialist landlord and tenant rental insurance company has raised money for a charity based close to their Lincon offices. The insurance company staff have raised £4,000 in just five months at various events organised by members of staff, including a cake sale, quizzes and a Halloween fun-day that included a fancy dress competition and trick or treat game. More on this Here December 2011 Back to top

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Endsleigh insurance were shortlisted for Landlord and Letting award

Endsleigh Insurance Services Ltd were shortlisted as a finalist for 2011/12 in the Insurance Services category of the prestigious Landlord & Letting Awards.More on this Here November 2011 Back to top

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