The average rent of a newly let property in Britain rose to £998 per calendar month in August, some 2.3% higher than the same time last year, according to the latest lettings sector index. Two regions, the South East and South West recorded strong annual rental growth of 5.6% to £1,112 and 5.5% to £852 […]
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Government intervention and Brexit uncertainty has subdued the growth of the private rented sector (PRS) in Britain which has expanded by just 0.2% a year with 5.4 million properties, according to a new analysis. But the value of the PRS continues to increase, although stuttering house price growth means the sector has added £6 billion […]
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Councils across England are set to benefit from a slice of nearly £2 million to crack down on illegal developments, including on Green Belt land. The move is part of the Housing Minister’s drive to protect the Green Belt for future generations and local authorities will be able to use the money to hire enforcement […]
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The average rent in the UK reached an all-time high of £970 in August, up by 2.4% on the same time last year, according to the latest lettings index. When London is excluded, the average rent in the UK is £802, this up by 2% year on year while in the capital rents increased by […]
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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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