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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 […]
The post Rents increased by 1.2% in the 12 months to July 2019, latest official data shows appeared first on PropertyWire.
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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 […]
The post Bigger populations don’t necessarily mean higher rents appeared first on PropertyWire.
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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). […]
The post Annual property price growth continues to slow in Ireland appeared first on PropertyWire.
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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 […]
The post Lettings agents in England expect a loss in annual revenue due to fees ban appeared first on PropertyWire.
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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 […]
The post The cost of evicting a rogue tenant can set landlords back as much as £55,000 appeared first on PropertyWire.
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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% […]
The post England and London in particular seeing poor property market performance appeared first on PropertyWire.
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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 […]
The post Research reveals increased flooding risk for homes in the US appeared first on PropertyWire.
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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 […]
The post Edinburgh sees significant rise in top grade office take up appeared first on PropertyWire.
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UK property price growth remains low at 0.7% in the 12 months to the second quarter of 2019, whilst prime central London prices are now 20% below 2014 peak, the latest market analysis shows. Nationally house prices are now 16.6% above the pre financial crisis peak and in London this figure rises to 53.5%, according […]
The post Latest housing market analysis suggests sales are steady despite Brexit uncertainty appeared first on PropertyWire.
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Average home prices in England and Wales fell by 0.1% in August but in Scotland they dipped further, down by 1.2%, the latest index shows. This took the average asking price in England and Wales to £201,849 and in Scotland to £186,681, according to the data from Home.co.uk. A breakdown of the figures shows that […]
The post Average asking prices fall month on month across Britain appeared first on PropertyWire.
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