What makes a good landlord?
Online letting agent Upad.co.uk has released some research about what the 720 tenants they polled believe makes a good or bad landlord. Unsurprisingly, landlords who deal with problems quickly, give plenty of notice before entering a property, consult on when repairs will take place and keep in contact throughout the tenancy are the most popular. Here are some more results:
* 95% of all tenants say landlords being easy to contact is ‘essential’ or ‘very important’
* 88% believe it essential or very important that the property was property maintained
* 37% expect a landlord to give the correct notice before entering a property
* 89% think it essential or very important that a landlord consult with them on the timing of repairs to a property
James Davis, Founder of Upad.co.uk said: “The results show that to be successful as a landlord the same rules apply as for any business – invest time listening to your customers’ needs and you’ll earn their loyalty and respect.”
Live Help to Buy Q&A
You can join Zoopla Property Group’s editor Myra Butterworth – and guest panelists – for a ‘Help to Buy’ live Q&A session tomorrow (Friday) which is aimed at first time buyers, brokers and lenders and anybody interested in the Help to Buy scheme phase one and two. It will be from 2pm to 3pm. More details at Zoopla’s blog.
London house prices
Pictured above is a detailed London house price map by property stat maestro Neal Hudson of Savills. It’s based on the Government’s land registry data between January and August 2013.
Asking prices vs achieved prices
The gap between the asking price for a property and the actual price achieved is smaller than at any time since 2007, according to new research from Hamptons International who argue that the recent narrowing of the gap suggests that house price growth will gather pace across England and Wales over the rest of country before the end of 2013.
Hamptons calculates that on average achieved prices were 2.9% lower than asking prices across England and Wales between July and September this year, down from 3.4% last year, making it the smallest difference it has been in six years. The only areas in which it hasn’t narrowed are in the North East and Wales while the gap has narrowed most in London.
Fionnuala Earley, Research Director at Hamptons International, said: “Increased confidence in the housing market is encouraging previously nervous or frustrated would-be buyers into the market at last. This new demand, in combination with relatively low supplies of property for sale means that there is less room for negotiation on asking prices. The gap between asking and achieved prices has now fallen to its lowest in six years and shows that the balance is clearly moving in favour of sellers.
“Paradoxically this is good news for both buyers and sellers. Further price rises, as predicted by this measure, should encourage more people to put their property up for sale and an improvement in supply will foster a more liquid and therefore a more stable market.”Tagged in: help to buy, house prices, landlords, renting, tenants
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