Tag: renting a property

UK property survey shows falling sales and frenetic rental market

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UK house sales are set to fall as high mortgage rates deter buyers, while rental prices surge as tenants enter bidding wars for the few properties available to let, according to a leading property survey published on Thursday.

The monthly report by the Royal Institution of Chartered Surveyors paints a contrasting picture of a slower sales market, with both buyers and sellers waiting for the economic outlook to settle, and a frenetic rental market where rising costs and regulation are

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Victorian investors flee amid harsh regulations, leaving the rental market worse for wear

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  • Harsh regulations prompt Victorian landlords to sell, leaving the rental market strained.
  • Investors struggling through cost-of-living crisis, interest rate hikes, and high taxes.
  • Influx of sales may mean more options for first-home buyers.

Property investors have left Victoria en masse, pushed out by the increasingly harsh regulatory environment, leaving the already constrained rental market worse for wear, according to real estate agency Little Real Estate.

Investors at their wit’s end

Little Real Estate reported a surge in Victorian sales listings as investors exited the market, encumbered by the controversial COVID debt levy, further land taxes, and escalating maintenance costs.

“Our

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