EU executive to propose short-term rental rules to tackle ‘social crisis’ in housing

Bloc’s first affordable housing plan to cover issues such as tenants’ rights, property speculation and tourist lets

The EU executive will propose rules to tackle the “huge problem” of short-term rentals via platforms such as Airbnb and Booking.com, as it seeks to confront the “social crisis” of people struggling to afford a home, its first-ever housing commissioner has said.

In an interview with the Guardian and other European newspapers, Dan Jørgensen said it was time for Brussels policymakers to take housing seriously or cede ground to anti-EU populists, who, he said, did not have the answers to the shortage of affordable homes.

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Generational shift as millennials make up half of new buy-to-let investors in England and Wales

Surprise finding by Hamptons shows age group comprises 50% of all new shareholders in firms set up this year

Millennials now account for half of new buy-to-let investors in England and Wales, signalling a generational shift in landlords, while rents have dipped, according to a report.

It is a surprise finding, as many millennials – people born between 1981 and 1996 – have struggled to afford a housing purchase, which means they are less likely than older generations to own their home. Even so, some have clearly fared better, and millennials are leading the charge in buy-to-let investment, according to analysis of Companies House data by the estate agent Hamptons.

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London homes 500 metres from station ‘command £42,700 premium over those 1,500 metres away’

Nationwide survey in London, Manchester and Glasgow shows pandemic trends may be reversing as more people return to office

People buying homes in London 500 metres from a tube or railway station pay £42,700 more than buyers of similar properties 1,500 metres away from transport hubs, according to new data.

The figures indicate that despite the reshaping of the housing market sparked by the coronavirus pandemic and dramatic changes to working patterns, the traditional estate agent mantra of “good transport links” continues to wield its power over buyers.

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Drop in new properties for rent is steepest since Covid, says Rics

Monthly report from surveyors’ body sees ‘firmly negative trend’ that is expected to push up rental prices

The flow of new rental properties coming on to the market has fallen at the fastest rate since the first Covid lockdown five years ago, according to research by Britain’s property surveyors.

Although the demand for properties is steady, there are fewer new rentals from landlords coming available, the Royal Institution of Chartered Surveyors (Rics) found.

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Average private rent in Great Britain falls for first time in five years

Lower mortgage rates have helped cool rental sector after years of above-inflation increases in rent, data shows

Average private rents in Great Britain have fallen for the first time in five years as lower mortgage rates helped take some of the heat out of the rental sector, data shows.

Years of above-inflation increases in rents have put the squeeze on many households but the estate agent Hamptons said the average rent on a newly let property fell by 0.2% year on year in July. It was the first annual decline since August 2020, during the height of the Covid pandemic – although this national figure masks wide regional variations.

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Green party candidate tries to evict Labour opponent from property

Labour says move is hypocrisy since Greens support ban on no-fault evictions such as one served on Labour candidate and her family

A Green party council candidate is attempting to evict his Labour opponent from a house he owns using a no-fault notice, despite his party supporting a ban on exactly such kinds of eviction.

William Pedley, who is standing for the Greens in the Victoria ward of North Northamptonshire council, has served a section 21 notice on his tenant and political rival Kelly Duddridge, who has lived in the property for 10 years.

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Tenants win £260,000 of rent back in legal fight with London ‘rogue landlord’

Residents took firms owned by billionaire to tribunal for operating unlicensed houses in multiple occupation

Tenants of two buildings in east London have been awarded a six-figure sum in rent repayments by a tribunal after challenging a billionaire described by a judge as a “rogue landlord”.

The group of current and former residents of Olympic House and Simpson House in Hackney took companies owned by John Christodoulou to tribunal for operating unlicensed houses in multiple occupation (HMOs), which meant the buildings were not subject to the safety and quality standards required by law.

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Rogue landlords in England to face curbs on housing benefit income, says Labour

Deputy PM Angela Rayner announces plans as she presents £350m funding increase for affordable housing

Rogue landlords in England will face curbs on how much housing benefit they can receive if their properties are substandard, Angela Rayner has said as she announced an extra £350m for affordable housing.

The deputy prime minister presented the funding increase, adding to £500m already announced at the budget, as part of the government’s drive to build 1.5m homes.

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New York City ends broker fees for new tenants in cost-cutting move

Move can significantly lower upfront expenses for renters in city with one of the world’s highest costs of living

The New York City council passed a bill on Wednesday that will prevent tenants from having to pay fees to brokers hired by landlords.

The move can significantly lower upfront expenses for renters in a city with one of the highest costs of living in the world. The median asking rent in New York City was $3,500 in 2023.

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Housing, social care and universities: who lost out in the UK budget?

Rachel Reeves made funding the NHS a priority but people working in other areas said they were disappointed

Rachel Reeves’s first budget emphasised raising taxes to help the NHS, as the health service tries to cope with huge waiting lists and an ageing population. Funding the NHS was a top priority but people in other sectors – from universities to social care – feel the budget was a missed opportunity to tackle impending crises or introduce desperately needed reforms in their areas.

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Starmer criticises Labour MP over tenants’ complaints of mould and ants

PM says ‘it’s unacceptable’ when asked about Jas Athwal allegations but adds MP is ‘taking action to put it right’

Keir Starmer has criticised a Labour MP who has been accused of renting out flats with black mould and ant infestations, calling the conditions “unacceptable”.

The prime minister addressed the accusations against Jas Athwal, the MP for Ilford South, on Monday after a report by the BBC quoted several of his tenants complaining about the conditions in the properties they rented from him. One said there were ants “everywhere”, adding: “They are on my kid’s body and on their clothes.”

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Labour MP accused of renting out ant-infested flats with black mould

Jas Athwal, the Ilford South MP, ‘shocked’ by allegations and ‘profoundly sorry’ for condition of his properties

A newly elected Labour MP has been accused of renting out flats with black mould and ant infestations.

Jas Athwal, the MP for Ilford South, owns 15 rental flats, according to a report by the BBC.

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Social housing rents to rise as part of UK push to build affordable homes

Rachel Reeves works on plan for 10-year formula to give councils and housing associations certainty

Social housing rents will rise by more than inflation over the next decade as part of UK government plans to boost affordable housebuilding and shore up the finances of struggling landlords.

The chancellor, Rachel Reeves, is working on plans to introduce a 10-year formula to calculate social rent on homes that will result in rents increasing every year by the rate of the consumer prices index – which is now 2.2% – plus 1%, removing an existing cap on rises.

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Record homeless figures in England prompt calls to tackle ‘national scandal’

Latest housing data show 151,630 children in temporary accommodation – the most since records began

More than 150,000 children in England are living in temporary accommodation, prompting calls for the government to address what it calls a “national scandal”.

Living in temporary accommodation is considered a form of homelessness and can involve people staying in hostel or bed and breakfast (B&B) accommodation.

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Renters in New York City fight back against real estate broker fees

City is one of few in the US where tenants can be forced to pay fees, despite a landlord having hired the broker

A row is brewing in New York City between renters and real estate brokers, over who pays the thousands of dollars in fees when an apartment is rented.

On 12 June, lawmakers in New York met to discuss the Fairness in Apartment Rental Expenses act (Fare act), which would require the person who hires the broker to pay the broker fee.

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Rough sleeping in London hits highest level in a decade

Almost 12,000 rough sleepers were seen by outreach workers in 2023-24, a 19% increase on the previous year

Rough sleeping in the capital has hit the highest level in a decade, with more than 1,100 people living on London’s streets for the first time because of evictions.

The number of new rough sleepers seen for the first time by outreach workers between April 2023 and March 2024, surged 25% to 7,974 people – the highest in at least four years. Almost one in 10 people living on the streets was aged 25 or under – including 13 children.

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Forced home moves cost renters over half a billion pounds a year

There were 830,000 unwanted moves in England over the past 12 months, meaning 40% have been forced to relocate

Unwanted home moves cost renters more than half a billion pounds a year, with tenants coughing up an average of £669 every time they are forced by landlords to leave their home, a survey has revealed.

Analysis by the homelessness charity Shelter estimated that there had been 830,000 unwanted moves in England over the past 12 months, meaning 40% of renters who move house are doing so because they have been compelled to look for other accommodation.

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UK rent rises forecast to outpace wage growth for three years

Average 13% increase by 2027 will put millions of households under further pressure, says thinktank

Rent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis.

The Resolution Foundation expects added pressure on millions of households and said average rents could increase by 13% over the next three years as current high growth in the private rental market work their way through existing tenancies.

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‘A family used to live here’: The Spanish sticker rebellion battling tourist lets

Tired of overtourism pushing up rental prices, Málaga locals have found a novel way to vent their anger

Incensed after finding out his rental home of 10 years was about to become a tourist apartment, Dani Romero took to social media. What followed swiftly snowballed into a movement, as residents in Málaga began plastering stickers – reading “A family used to live here” or “Go home” – outside tourist lets across the southern Spanish city.

“I didn’t mean to arm a revolution,” said Romero. “I’m just looking for a house to live in.”

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Part of billionaire family’s empire named on London’s rogue landlord list

Subsidiary of Lazari Investments fined £67,000 for breaches of HMO licence conditions on Camden flats

A family-owned property empire whose holdings include the former Fenwick department store building on London’s Bond Street has seen one of its subsidiaries named on the city’s rogue landlords register and hit with fines totalling £67,000.

The Lazari family have an estimated fortune of £2.5bn, placing them 72nd on the Sunday Times rich list. It is based on a property portfolio that includes some of the most luxurious addresses in central London as well as rental flats in the north of the city.

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