Monthly Rents to Hit £800 by 2015

In a speech this morning (19th June), the Operations Director at the largest lettings agency in the UK will outline predictions for the future of private renting. Lucy Jones, of LSL Property Services, producers of the Buy-to-Let Index, will be speaking to the Council of Mortgage Lenders. LSL’s projections show that, by mid-2015, average rents in England & Wales will reach £800 per month. By May 2014, rents will already average £765 per month. Lucy Jones will say, “Fundamentally, buying a home is still becoming less affordable, not more. Renting was the future before the recession – it cushioned many during – and it’s still the future for millions. By the middle of this decade at least one in five people in the UK will be living in privately rented accommodation. “At some point in the summer of 2015, rents are set to reach an average of £800 per month. Such levels of demand show the practical importance of this industry – and the importance ...

Quality Apprenticeships for the Long-term Unemployed

Business & Finance

‘Quality apprenticeships have to be the answer for long-term unemployed’ says property entrepreneur. 'There has been a slight increase in the number of people working but an alarming increase among people unemployed for more than a year,' said property maintenance and refurbishment entrepreneur Will Davies today. 'Our priority has to be to get everybody under-30 off the long-term unemployment register and into work and the answer has to be quality training and ...

Pemberton Greenish partner Anna Favre wins 'Solicitor of the Year' award

Legal

Pemberton Greenish LLP is delighted to announce that Anna Favre, Partner in its Residential Estates practice, has been named ‘Solicitor of the Year’ at the prestigious Enfranchisement and Right to Manage Awards 2013 (the ERMAs). The ERMAs recognise professional excellence in leasehold reform work. Anna is a recognised expert in the field of leasehold enfranchisement specialising in advising both landlords and tenants on all aspects of leasehold reform. She acts for ...

W.A.Ellis – Prime Central London property market comment, sales and lettings

Business & Finance

Key points: Ø Realistic pricing is key, particularly in the family house sales market Ø International interest in London continues in spite of rising stamp duty costs as capital remains a safe place to invest Ø Lettings market remains active due to shortage of family houses and increasing demand Sales: Richard Barber, partner in residential sales at W.A.Ellis, comments: “Realistic pricing has been remarkably important this month, particularly within the family house market. We have just launched an excellent ...