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RLA Hit Back At Rent Control Calls

RLA Hit Back At Rent Control Calls

Rent Controls Are Not The Answer
To The UK Housing Shortage

The Residential Landlords Association (RLA) have hit back at politicians and housing and homeless pressure groups who are openly calling for rent controls in the UK’s private sector by claiming that private sector rents are falling in real terms following analysis of the official English Housing Survey (EHS).

The English Housing Survey (EHS) results are taken from a continuous survey conducted by the Department of Communities and Local Government (CLG) and show that average private sector rents increased by just £10 from £153 to £163 (GBP) per week in 2014, representing a rise of 6.5%.

In contrast, average weekly rents in the UK’s social sector increased by more, with weekly rental prices increasing 25.4%, rising by £18 from £71 to £89 (GBP).

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Dramatic Fall In Number Of Empty UK Properties

Dramatic Fall In Number Of Empty UK Properties

UK Empty Property Numbers At All-Time Low

According to campaigning charity Empty Homes, there has been a dramatic fall in the number of empty residential properties in the UK.

The new research shows that the number of empty residential properties in the UK dropped by 75,000 during 2013, the largest-ever annual fall in numbers.

The substantial fall has reduced the total number of empty properties in the UK to 635,127, the lowest recorded level ever, according to campaigning charity Empty Homes.

The biggest falls in the number of empty properties were observed in the North West of England and London.

There was also a large fall in the number of long-term empty residential properties, with figures dropping by over 27,000 to a new record low of 232,600.

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Residential Property Prices Continue To Rise

Residential Property Prices Continue To Rise

Residential Property Prices Up For Fourth Consecutive month

UK residential property prices increased for the fourth consecutive month in May 2013, according to the latest Halifax House Price Index (HPI).

Data from the latest Halifax House Price Index has shown that UK residential property prices rose by 0.4% in May 2013.

This means that the value of UK residential properties have now risen for four consecutive months, with prices in the three months to May 2013 coming in at 1.5% higher than in the preceding three-month period.

UK residential property prices have been rising modestly on this quarter-on-quarter measure since December 2012, with price increases between 1-2% in each of the past five months, while an increase in residential property sales has also been observed in the property market.

The Halifax House Price Index report as a whole indicated that UK residential property market conditions are better now than they were in 2012, with the ratio of residential property sales against the stock of unsold properties improving and demand for UK residential property purchases gradually gaining momentum.

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