There was a rise of 8.3% in remortgaging in the UK in June 2019, with some 16,880 new mortgages completed in this sector of the lending market, the latest industry figures show. The data from UK Finance also shows that there were 32,760 new first time buyer mortgages completed in June 2019, down 1.5% fewer […]
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Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates. The latest prime global index from Knight Frank shows that residential prices across 46 cities increased by 1.4% in the year to June 2019, up […]
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Rents in the private rented sector in the UK increased by 1.3% in the 12 months to July 2019, unchanged since May 2019, the latest official figures show. In England rents increased by 1.4%, in Wales by 1%, in Northern Ireland by 2.1% and in Scotland they were up by 0.9%, according to the data […]
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While on the face of it, it should be obvious that the highest average rental cost is found in the nation’s major cities, but new research suggests that it not always the case. Those with a population above 500,000 people have an average rent of £865 but this ranges from £530 and £1,727, but towns […]
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Residential property prices increased by 2% in Ireland in the year to June 2019, down marginally from the 2.6% recorded in May, official data shows. But the rate of annual growth is now well below the increase of 11.9% in the 12 months to June 2018, the figures published by the Central Statistics Office (CSO). […]
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Letting agents in England are expecting a loss in annual revenue following the ban on tenant fees, with most forecasting a fall of up to 30%, a new survey shows. The state of the industry survey from property technology platform Goodlord found that 90% of letting agents believe there will be a financial impact on […]
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A rogue tenant takes roughly nine months in total to evict and the process can cost a landlord as much as £55,000 in total, with an average of £6,111 in lost rent, according to new research. But it goes far beyond the rental costs with many landlords faced with cleaning up costs which can include […]
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Scotland’s property market is seeing annual price rises of 1.3%, almost double the pace of growth in England, and Wales is even higher at 4.4%, according to the latest official figures to be published. The average price of a property in Scotland in June 2019 was £151,891, up 1.3% year on year and up 0.7% […]
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Ahead of the hurricane season in the United States, new research show that almost 20,000 homes built in the last decade are set to be at a significant risk of coastal flooding in particular. If greenhouse gas emissions go unchecked, more than 800,000 existing homes worth $451 billion will be at risk by 2050, the […]
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There has been a significant rise in take up of top grade offices in Edinburgh with the second quarter of 2019 seeing growth, the latest commercial property report shows. Take up reached 176,549 square feet in the second quarter, just 9,210 square feet short of the previous quarter’s figure, according to the research from real […]
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