TPP455: December Market Update

It’s the December Market Update  Rob & Rob are back with your monthly update, and it’s safe to say the market isn’t ready to wind down for Christmas just yet.  From rents shooting up, to potentially devastating news for Welsh landlords. And a fall of 52% in property transactions... The Rob’s have got plenty to cover.  All the links you need to get stuck in are just below:  Sales  UK house sales fall 52% in month after stamp duty holiday deadline  Rents  Has Covid finished off the rental market?  UK rents ‘rising at fastest pace in 13 years’  Rents up sharply in prime areas of London as market bounces back  Savills - Rental revival  Landlords face punishing new costs under property wealth tax plan  Mortgages  Bank of England considering easing mortgage rules in move that could boost house prices  Kensington launches long-term fixed rates up to 40 years  Cladding  BoE concerned cladding crisis poses risk to UK financial stability  Cladding scandal: How plans to make flat leaseholders pay for repairs have been put on hold  Other  Legal Warning — some buy to lets will never meet new EPC targets  Carbon Monoxide alarms must be fitted in private rentals with gas boilers  And finally...  Research lays bare failure to tackle criminal landlords  Hub Extra   This week’s Hub Extra is coming straight from our producer, Dan.  The Beatles: Get Back follows The Beatles along the making of the Let It Be album.  Oscar winning film maker Peter Jackson, has compiled hours of unseen video and unheard audio to create a three-part documentary on this pivotal moment in music history.  It’s definitely one to add to your must-watch list.  Let’s get social  We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.  Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!   If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.  See omnystudio.com/listener for privacy information.