Newport Property News & Updates

Average private rents in Britain rose 1.7 per cent in the 12 months to December 2014, according to new data from the Office for National Statistics (ONS). The government department's latest Index of Private Housing Rental Prices (IPHRP), published on Friday (January 30th), shows that the cost of renting residential property increased 0.2 per cent in Wales for the year as a whole. The figure...
It's barely 10 months since the cost of a County Court repossession hearing shot up from £175 to the current £280, but the Government is considering increasing them by a further £75. If the increase goes ahead, a landlord will have to pay a whopping £355 to commence proceedings in the County Court and £325 if they use Possession Claims Online facility (PCOL).
Leicester has been named as the UK's rental hotspot for 2014. According to HomeLet, the East Midlands city saw the greatest growth in rental prices over the course of last year. It found the average rent in Leicester grew 45 per cent in 12 months, rising from £421 to £611. 
The Council of Mortgage Lenders (CML) has revealed its opposition to the introduction of rent controls. In a statement issued to FT Advisor, the organisation discussed the issue in response to plans that have been put forward by the Scottish National Party (SNP) in a consultation on the introduction of a new tenancy system. 
The total value of private rented sector (PRS) housing in the UK has exceeded £1 trillion for the first time. 
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