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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.


Winter is here…

 

The impending change to Daylight Saving Time this coming weekend signals an important time of the year for our Property Managers. Not to do with the extra hour we will all gain, but to do with the onset of the British wintertime.
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HMO Licensing – an update

HMO Licensing –  A step closer to clarification

In the spirit of being ‘in it all together’, we would like to keep you up to speed with updates as they happen regarding additional HMO Licensing across Oxford.

Recently we laid out our position, thoughts and action on the proposed additional licensing (see post 30th September).  As a result of a meeting of the City Executive Board at the beginning of this week, the following clarification has been outlined on the Oxford City Council’s website:
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The Comprehensive Spending Review an Oxfordshire Letting Agent’s view

The Comprehensive Spending Review has been comprehensively reviewed by journalists and analysts, and no doubt you have been reading, watching and listening.
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Quarter 3 – A busy summer of short supply and increasing rents

Download our Q3 quarterly report (pdf) 

The weight of ‘9/11’ means we naturally overlook ‘9/15’ and so the second anniversary of Lehman Brothers’ bankruptcy passed quietly a few weeks ago. However, 9/15’s repercussions are still pervasive as the Oxfordshire rental market illustrates. In the past two years the supply of private rental stock has swung greatly in the wake of the financial “meltdown”. We discuss this and other trends from Quarter 3 across eight specialist letting offices:


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Now that’s teamwork!

A new tenant came to the office to pay their first account at 11am on Friday morning, as they were due to move in the following day. Whilst in the office he mentioned
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A pinch of Channel 4 salt

There was a 5 minute piece on buy-to-let investors by Faisal Islam on the Channel 4 News last night.

We’re great fans of all things Jon Snow and the Channel 4 News, but the report last night lacked balance and was – albeit in a polished, suit-and-tie Channel 4 sort of way – more sensationalist than it needed to be.
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The tide is turning…

Town centre redevelopment is delayed again

We went through the doldrums across the summer with a general shortage of stock of rental property. Over the last few weeks the tide has definitely turned and the phones have been red hot with people ringing up with houses to rent in Oxfordshire.
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