Rents rising again across the UK, index says

first_imgAverage new tenancy rents in nine out of the UK’s 12 regions increased last month, according to the latest rental index from Homelet.The letting services firm says rents increased on average by 1.1% across the UK year-on-year, and that rises were highest in Northern Ireland where they increased 2.4% during July alone, and 5.4% year on year.Tenants are now paying £10 more a month to rent a property than a year ago, or £925. Scotland had the next highest rents rises at 3.6% followed by the East Midlands at 3.2%.Rent reductionsBut rents have continued dropping in London, the South East and North East, the index shows, by up to 1.7%. This follows national decreases in rent during April and May this year, and the rent reductions in London are the fourth in a row for the capital. A year ago rents in London were rising by 6.6%.“It’s often been the case in recent times that rents have strengthened over the summer period,” says Martin Totty, CEO of Homelet (pictured, left).“It’s a time when renters contemplate moving, demand increases, tenancy terms are set, and when the anniversary of the tenancy often occurs.“This year, that ‘seasonal’ factor brings some relief for landlords, who’ve endured a gradual erosion in rent prices over many months.“Whether the market has now found some equilibrium remains to be seen, but landlords at least will be grateful for even some short respite.”Landlords more confidentHomelet also claims that landords now feel more confident about raising rents but that the rises reflect their awareness that many tenants are only just surviving financially, but that there are fewer properties for tenants to choose from.“The government’s recent attempts via increased taxes to rein back the private rental market and persuade fewer landlords to buy properties to rent out appears to be working,” says Sheraz Dar, CEO of (pictured, right).“A growing number of tenants are now chasing fewer properties to let, helping push up rents as the Homelet figures show.“But despite increasing rents in many areas of the UK, our data shows that an increasing proportion of tenants are looking for ways to help themselves get on the property ladder despite the hurdles they need to clear.”Martin Totty HomeLet sheraz rents creditladder August 7, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Rents rising again across the UK, index says previous nextRents rising again across the UK, index saysAfter months of slowing or dropping prices, new tenancy rents are on the rise again says Homelet.Nigel Lewis7th August 201701,027 Viewslast_img read more

Arsenal consider stripping Granit Xhaka of captaincy after he told fans to ‘f*** off’

first_imgXhaka reacted angrily to the booing (Picture: Rex Features)Arsenal chiefs will meet on Monday to discuss whether to fine and strip Granit Xhaka for his meltdown at the Emirates during the 2-2 draw with Crystal Palace.Xhaka was hauled off after 61 minutes and reacted furiously to the home fans booing his departure, appearing to tell the home supporters to ‘f*** off’.The show of dissent was met with a wave of criticism after the game and the Evening Standard claim meetings are planned today to decide what the official club response to Xhaka’s dissent should be.Xhaka was named as Arsenal’s captain by Unai Emery this month, but was slammed by his manager for his behaviour towards the home fans.ADVERTISEMENT Emery: Granit Xhaka was wrong to swear at fansTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 12:45FullscreenEmery: Granit Xhaka was wrong to swear at fans is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.There is sympathy for Xhaka among the Arsenal squad, with several players visiting the midfielder at his home after the game.AdvertisementAdvertisementLucas Torreria was pictured on the brink of tears while Xhaka was being booed off, while Hector Bellerin has issued his public backing to his skipper.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityHe said on Twitter: ‘We are all humans, we all have emotions, and sometimes it’s not easy dealing with them.‘It’s time to lift each other up, not to push each other away. We only win when we are together.’Emery named four vice-captains to Xhaka, with Pierre-Emerick Aubameyang, Bellerin, Alexandre Lacazette and Mesut Ozil in line to replace the Swiss as skipper if he is stripped. Xhaka has been roundly criticised for his reaction (Picture: Reuters)The Arsenal boss criticised Xhaka after the draw, admitting 27-year-old was ‘wrong’ in his reaction.‘He was wrong. We are going to speak to him and decide with the club.‘We are here because we have supporters. We work for them and need to have respect for them when they are applauding us and criticising us.’MORE: Hector Bellerin sends message to Arsenal fans after abusing Granit XhakaMORE: Sokratis disagrees with Granit Xhaka over his reaction to Arsenal fans Coral BarryMonday 28 Oct 2019 11:34 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link5.2kShares Advertisement Comment Advertisement Arsenal consider stripping Granit Xhaka of captaincy after he told fans to ‘f*** off’last_img read more

Equatorial Guinea orders oil firms to cancel deals with CHC Helicopters

first_imgThe Ministry of Mines and Hydrocarbons of Equatorial Guinea has ordered petroleum operators to cancel all contracts with CHC Helicopters due to noncompliance with national content regulations.CHC Helicopters Sikorsky S-61N; Photo by: Bob Adams; Source: Flickr – under the CC BY-SA 2.0 licenseThe Ministry said on Tuesday that the operators which must cancel their contracts include, but are not limited to, Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil, among others.Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons, said: “It is the responsibility of the Ministry to ensure strict compliance with our country’s National Content Regulation of the Hydrocarbons Law.“These laws are in place to protect and promote local industry, create jobs for citizens, promote the sustainable development of our country, and we are aggressively monitoring and enforcing the compliance of these requirements.”The Ministry added that the oil companies operating in Equatorial Guinea were given 60 days to unwind contracts and find new suppliers in compliance with the local content provisions established in 2014.Also, a compliance review of the entire sector is ongoing led by the Director of National Content and outside legal advisors of the Ministry.“The notice will be expanded to all service companies who are non-compliant as the review continues. Similar measures will be taken,” the Ministry said.Under the National Content Regulation of 2014, all agreements must have local content clauses and provisions for capacity building, with preference given to local companies in the award of service contracts. Local shareholders must be part of every contract as prescribed by law and the operators have an obligation to ensure compliance of their subcontractors.“We are eager to work with international companies who partner with Equatorial Guinea in the development of our industry. But we expect all companies operating in Equatorial Guinea to follow the laws of the Republic of Equatorial Guinea. As Minister, I will not hesitate to enforce the law to ensure compliance,” said Lima.last_img read more