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Annual house price growth remained subdued in the UK in August, up just 0.6%, and unchanged month on month, after taking account of seasonal factors, the latest lender index shows. The flat month on month figure follows a monthly gain of just 0.3% in the previous month. The average price was £216,096, according to the […]
The post Annual property price growth in UK below 1% for ninth month in a row appeared first on PropertyWire.
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Rents in the UK’s private rented sector increased to a record high in July for a third consecutive month, the latest figures from letting agents shows. ARLA Propertymark’s July Private Rented Sector (PRS) report shows that rent prices rose to a new record high for the third consecutive month. The number of tenants facing rent […]
The post Rents reach record high in UK for third month in a row appeared first on PropertyWire.
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Two thirds of aspiring first time buyers feel they are stuck in a rental trap but attitudes to shared ownership and Help to Buy are changing, according to new research. A few years ago, research would have suggested that the majority of first time buyers were not aware of such schemes available but now it […]
The post Two thirds of would be first time buyers feel trapped in a rented home appeared first on PropertyWire.
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Over 90,000 sales were submitted for registration by the Land Registry in England and Wales in July, official figures show. Of these 72,327 were freehold, a 0.7% increase on July 2018, and 13,632 were newly built, a 15.3% increase on July 2018. The data also shows that the most expensive residential property sold in July […]
The post More than 90,000 sales registered in England and Wales in July appeared first on PropertyWire.
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Take-up for July in the City of London reached 1.02 million square feet across 29 deals, more than double the 420,000 square feet completed in June and the strongest single month take-up in almost two years. The City Office Market Watch report from Savills also shows that over half, some 591,000 square feet or 58%, […]
The post City of London records exceptional month of office take up appeared first on PropertyWire.
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Two major landlord organisations are planning to join together in a move they believe will give the private rented sector a stronger voice on a regional and a national level. The boards of the National Landlords Association (NLA) and the Residential Landlords Association (RLA) have endorsed the move which will not be put to a […]
The post Landlord organisations announce plans to merge appeared first on PropertyWire.
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The vast majority of mortgage intermediaries are still confident in the home lending industry outlook despite political uncertainty with 91% optimistic, a new study shows. An even greater number, some 93%, are confident about the outlook for the intermediary sector and 95% about their own businesses, according to the Intermediary Mortgage Lenders Association (IMLA). Intermediaries’ […]
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House prices near London Underground stations, zone 2 and outward, have grown by nearly 11% annually over the last 20 years, above a 9% rise across the wider borough that the stations sit in. The strongest price growth uplift of just over 3% was found around the Jubilee line and the DLR, areas which have […]
The post Buying near London Underground stations has been good for prices appeared first on PropertyWire.
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Home owners with Help to Buy properties can now take out 35 year mortgages for first time, it has been announced. The Government has moved to close a loophole which has seen purchasers using the Help to Buy scheme facing difficulties and uncertainty if they wanted to take out a mortgage with a term of […]
The post Help to Buy loophole closed to benefit home owners appeared first on PropertyWire.
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More than four in 10 adults aged 65 and over, some 44%, believe that the Government should be doing more to encourage downsizing, a new survey has found. A stamp duty exemption for downsizers is the most popular solution and would result in 18% being more likely to move, equal to almost 2.2 million people, […]
The post Poll finds strong support for stamp duty reduction for downsizing appeared first on PropertyWire.
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