Tag: how to rent out a house

Rent Out Property

UK property rental market sees biggest supply jump in 10 months, Property

THE supply of new UK rental properties rose the most since November 2022 in an early sign of relief for squeezed-out tenants.

The number of new rentals coming to the market increased by 7 per cent in the three months to September, compared with the same period last year, according to a Rightmove report published on Thursday (Oct 5). That helped lift the total number of available rental properties by 14 per cent, while demand dipped 17 per cent over the same period.

“While it is likely that there is some way to go before this filters through to rental prices, we could start to see the pace of yearly rent rises slow more significantly than it has been,” said Tim Bannister, director of property science at Rightmove .

The shift could ease a shortage of properties to rent that’s increased rental costs at a record rate, adding to the worst cost-of-living squeezes in generations. With mortgage costs significantly higher than a year ago, more tenants are stuck renting property at a time when landlords are selling out.

Average rents in London hit a record £2,627 (S$4,373) in the three months to September, a 12 per cent rise from the

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Rent Out Property

White people are 36% more likely to receive a positive response when applying to rent on SpareRoom than black people | UK News

White people are 36% more likely to receive a positive response when applying to rent a home than black people, Sky News has learned.

Exclusive figures provided by Generation Rent show apparent racism currently in the rental markets.

The campaign organization used artificial intelligence to set up two fake profiles, a black and a white one, on the rental website SpareRoom. The only differences in their details were their names and skin color.

Inquiries were sent out by both profiles to property ads randomly selected across the UK, within minutes of each other, with different responses.

Analysis of more than 210 ads found that the white-facing profile was 36% more likely to receive a positive response than the black-facing profile.

The white profile was also 17% more likely than the black profile to receive any response at all.

Graphics of Generation Rent's two AI profiles, one white and one black
Image:
Generation Rent made applications to the same properties with two AI-generated accounts: One with a white woman and one with a black woman.

In one example the same message was sent by both profiles asking about a room in a townhouse.

“Hi there, I’m interested in the property, could I arrange a viewing please?” it read.

The white profile, named Lizzie,

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