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A shortage of homes available to rent coupled with strong demand from tenants has led to record asking rents in all areas across Britain except Scotland and the North East of England, the latest lettings index shows. Asking rents outside London have reached a peak of £828 per calendar month, the biggest quarterly jump in […]
The post Shortage of homes to let means rents reach record highs across much of Britain appeared first on PropertyWire.
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Plans for a new national model for shared ownership have been unveiled by the Government which says it will help thousands of lower earners get onto the housing ladder. Social tenants moving into new homes will be given the chance to buy a share and just a 10% minimum initial stake will be required, cut […]
The post Thousands more people to get onto the housing ladder through new shared model appeared first on PropertyWire.
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House prices in England and Wales are set to dip marginally by 0.3% over the next three months from October to December 2019, according to the latest forecast. Overall the housing market continues to show resilience and stability and the report from reallymoving suggests that annual growth will remain in positive territory through to the […]
The post Prices in England and Wales set to dip 0.3% by end of the year appeared first on PropertyWire.
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Paying a mortgage rather than renting privately could leave the average consumer £350,000 better off over next 30 years, new research has found. This ‘home owner bonus’ includes the £133,700 an average owner could expect to save when paying a mortgage rather than rent over that time, as well as the additional £218,000 of equity […]
The post Study reveals financial benefits of being a home owner appeared first on PropertyWire.
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Farmland values in Britain have shown signs of growth for only the second time since March 2015 and buyers remain active in this property sector, the latest analysis shows. But up to the end of September, the nation has recorded its lowest number of open farmland launches since 1995, according to the report from real […]
The post British farmland values showing signs of growth, but not much being marketed appeared first on PropertyWire.
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Average house prices increased by 0.8% month on month in August 2019 and by 1.3% year on year to £234,853, according to the latest official index data. In England prices rose by 0.8% on a monthly basis and by 1.1% on an annual basis to £251,233, in Wales they were up by 2.2% month on […]
The post Average house prices in the UK up by just 1.3% in year to August 2019 appeared first on PropertyWire.
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Asking prices increased by 0.3% across England and Wales month on month in October to £309, 692 and year on year are now up just 0.1%, according to the latest index figures. But in Scotland the market is slightly more buoyant with asking prices up 0.7% on a monthly basis and up 1.6% year on […]
The post Asking prices creep up again in England year on year appeared first on PropertyWire.
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Property in the UK is taking almost two weeks longer to sell than last year, now at an average of 114 days nationwide, a new study shows. Homes in Oxford, one of the least affordable cities in the UK, take the longest to sell, staying on the market for an average of nearly five months […]
The post Property sells fastest in Scotland, new study shows appeared first on PropertyWire.
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The UK’s housing market was slow but steady, affected by Brexit uncertainty, in the third quarter of 2019 but first time buyer sales increased by 8%, the latest industry analysis shows. Sales grew by 2.2% year on year, a slowing rate of growth with properties valued at £300,000 and below were the best sellers, according […]
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The first time buyer mortgage sector has reached its highest level since 2007, but home mover loan rates are still falling, the latest industry figures show. Overall, there were 35,010 new first time buyer mortgages completed in August 2019, up 0.7% from in the same month in 2018, the highest monthly total since August 2007 […]
The post First time buyer mortgage completions reach highest level since 2007 appeared first on PropertyWire.
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