Yes, that’s correct. On average, since the start of the turn of the millennium, homeowners in the Bath area have seen gains at an average of 8% growth year-on-year. A ‘steady as she goes’ restriction in house price increase has been seen over the last few years since the pandemic hit, and this is likely
Hello and welcome back to the RESIDE blog! This month Toby brings you all the latest market updates from Bath here at RESIDE, and also lets us know a bit more about the on going saga of the Renters Reform Bill. Key takeaways from this months update: In other news, we would like to welcome
The energy bills of every Bath resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what can Bath residents do to
Everything you need to know about the Bath rental market in January 2022. This month: just how bad is the Bath property shortage? Tenant demand has far exceeded property supply for the last 12 months, but just what is the extent of this property shortage? As Reside’s Toby Martin discusses in the above video, the number of
Reside General Manager Toby Martin brings you news of the rental market in August 2021. As inevitable as an England batting collapse, August was yet again another busy month for the rental market. Recent trends of property supply being outweighed by tenant demand reached new heights, as competition for properties contributed to us letting more than 50%
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Reside’s Toby Martin on how to get to the front of the queue in such a competitive market. Since the beginning of 2021, the rental market has been overwhelmed by demand from tenants looking for new homes. At the same time, supply of available properties has dwindled, thereby creating a very difficult environment in which
Reside General Manager Toby Martin explains the impact of the government’s new debt relief initiative. May was Mental Health Awareness Month, a very apt time for the government to launch the Debt Respite Scheme, also known as ‘Breathing Space’. The purpose of the scheme is to provide a temporary period of respite from creditor action
General Manager Toby Martin rounds up the month of May, with news of new notice periods for landlords, the Queen’s Speech and more. Reduced Landlord Notice Periods As of the 1st of June 2021, notice periods for landlords have decreased from six to four months. The government temporarily increased notice periods to six months in
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The government has announced that landlord notice periods will be reduced to four months, starting from the 1st of June 2021. Under temporary legislation introduced in August 2020, notice periods were initially increased to three months, and more recently to six months, to provide tenants with greater security in their homes at the height of
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Those who tuned into the Queen’s Speech on the 11th of May can be forgiven for missing the very brief promise to ‘enhance the rights of those who rent’ – seemingly a very general pledge to review standards across the sector. A delve into the detailed briefing notes, however, reveals three details that will
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