The property market is recovering in London with increasing rents sent to tempt more buy to let landlords back into the sector which could result in significant prices rises, according to the latest index report. Rock bottom sales and rental stock levels are initiating a revitalisation of the London sales market, led by several boroughs […]
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The cost of fixed rate buy to let mortgages is falling with the biggest month on month decline in two year deals for 50% of the value of a property, the latest industry data has found. Indeed, the monthly cost of this type of mortgage fell by £24 and two year fixed rates for 65% […]
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The cost of moving home in the UK has reached a record with an average of £10,414, rising to in London, up 2% compared to 2018, new research has found. Higher stamp duty bills, up 4% and a 5% increase in conveyancing fees are driving up the costs, according to the annual report from home […]
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Greater London has the highest number of unoccupied properties in England with over 3.5 million, of which 22,500 are long term vacant homes, new research has found. Some 8% of these are in Southwark, 7% in Croydon, and 5% in each of the boroughs of Camden, Lewisham and Kensington and Chelsea, according to the analysis […]
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There has been a renewed deterioration in residential property sales expectations in the UK over the near term, with Brexit uncertainty being a significant factor, the latest market survey shows. The Royal Institute of Chartered Surveyors (RICS) is predicting a further decline in activity over the three months to come in its August report, as […]
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Fixed rate deals are dominating the residential remortgage market with 96% of those who remortgaged in July doing so with this kind of product, new figures show. Some 50% of borrowers took out a five year fixed rate product in July, the highest number recorded, up 4% month on month, according to the data from […]
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The Mayor of London has backed a new construction charter which sets out to improve the city’s construction standards, protect workers, and outlaw poor construction practices. Sadiq Khan has made signing up to the union Unite’s Construction Charter a requirement of building projects under City Hall’s control. The Construction Charter leads the way in best […]
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Across London the average price of a property is back to a level last seen at the start of 2016 as price corrections lead to a rise in buyer enquiries, new research shows. In prime central areas, prices per square foot are now comparable with five years ago while quarterly price falls are now less […]
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Rising rents, a doubling of tenant applications and a shortage of housing stock continues to put pressure on the Private Rental Sector in the UK, according to the latest lettings index report. Average rents reached £774 per month in the second quarter of 2019, up 4.5% compared to the same quarter in 2018, the data […]
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Pending home sales fell in July in the United States, reversing two consecutive months of gains, according to the latest index from real estate agents. All of the four major regions covered by the index from the National Association of Realtors reported a drop in contract activity, although the greatest decline was in the West. […]
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