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Across England and Wales, 11% of sales already this year have been of new build properties, while in London they account for some 13% of transactions, according to new research. The London borough of Tower Hamlets has had the most new home sales at 42%, followed by the Vale of White at 32%, Greenwich in […]
The post Study reveals new build hot spots in England and Wales appeared first on PropertyWire.
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East London boroughs are among the highest performers for both historic and potential future house price growth, according to a new borough by borough analysis of the residential housing market in the capital. In addition, demand for private rental housing, particularly in central London, contributes to positive forecasts for rental growth across London, according to […]
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Price growth in key UK cities has slowed to more sustainable levels as the market adapts to a changing profile of demand, resulting from tax and policy changes and increased mortgage regulation, the latest index report suggests. Overall the annual rate of house price inflation has moderated to 1.9% and 12 cities covered by the […]
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There was little change in UK house prices in August, up just 0.6% year on year and flat month on month, according to the latest lender index. This took the average price of a house in the UK to 216,096, with annual house price growth below 1% for the ninth month in a row, the […]
The post UK property market flat in August, latest lender index shows appeared first on PropertyWire.
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Properties in England have seen the strongest rental growth in the UK in the past five years, rising by 15.6%, the latest lettings figures show, Wales the weakest. In Scotland rents have increased by 14.7% over the same period and by 11.5% in Northern Ireland while in Wales they have risen by just 3.11%, according […]
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A failure to adopt a more joined-up approach to planning the UK’s towns and cities will make it impossible to meet the challenges of climate change, population growth and environmental risks over the coming decades, according to planners. A new report from the Royal Town Planning Institute (RTPI) highlights the complex and fragmented approaches to […]
The post More joined up planning needed for UK towns and cities, says new report appeared first on PropertyWire.
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A third of house buyers in Britain turn a blind eye to serious structural issues and risk losing thousands, according to new research. Overall, more than half don’t even check for major issues such as rising damp, central heating, electrics, and structural problems, the survey from Atom bank has found. Some 54% admitted to not […]
The post Many buyers ignore potentially serious structural issues, poll suggests appeared first on PropertyWire.
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The majority of self-employed workers in the UK, some 71%, believe it’s harder for them to get a mortgage and blame unfair application processes. Overall some 22% believe that they are being ‘penalised’ for being self-employed, 33% say gathering the necessary documents for a mortgage application is a challenge as they generally are asked to […]
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There has been a consistent rise in residential property owners looking to let their property, with a 15.3% increase across London from January to August this year compared to the same period in 2018. Properties on the market through real estate firm JLL have increased across the capital, though there are notable hotspots in key […]
The post More owners in London looking to rent out their properties appeared first on PropertyWire.
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Gross mortgage lending across the residential market in the UK reached £24 billion in August 2019, down by 3.2% compared to the same month in 2018, industry figures show. There were 85,931 mortgages approved by the main High Street banks in August 2019, according to the data published by industry organisation UK Finance. Mortgage approvals […]
The post Gross mortgage lending down over 3% year on year in August appeared first on PropertyWire.
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