House price growth picked up in December 2019, accelerating to its fastest pace since late 2018, according to new data by the Office for National Statistics (ONS). Prices for all dwellings grew 2.2 per cent on a year-on-year basis in December, having accelerated from just 0.7 per cent in July last year. The ONS commented that […]
House price growth reached its highest level for 18 months at 2.3 per cent for the year to February, the latest index from Nationwide Building Society shows. Average UK house prices also climbed by 0.3 per cent month on month to reach £216, 092. Nationwide chief economist Robert Gardner says: “While overall economic growth ground […]
Rental demand reached a record high of 88 prospective tenants per letting agency branch in January, up 57% from an average of 56 tenants per branch a month earlier, according to ARLA Propertymark. But while the demand for rental accommodation grows, the supply of rental stock continues to fall, hitting its lowest level in seven […]
Two-bedroom properties make the best investment for buy-to-let landlords in England when it comes to existing rental yields, fresh research shows. Howsy has analysed current rental yields across one-, two-, three-, and four-or-more bedroom properties and found that two-bedroom homes produce an average yield of 4.8%. The study by the letting management platform, which assessed […]
The private rented sector is set to see the sustained growth of rental values seen throughout the course of last year continue into the new decade, the latest government index suggests. The latest data from the Office for National Statistics for the UK for January 2020 show that private rents rose by 1.5% in the 12 […]
Cynics who rejected claims that landlords would quit the buy to let sector because of increasing bureaucracy and higher taxes may have to think again. Figures out today from Countrywide’s Hamptons International agency, relating to the whole private rental sector, show that there were 2.66m landlords in Britain in 2019. This was some eight per […]
An online valuation service says the number of leads it generated for agents in January was over double the figure in December – and it puts it down to the Boris Bounce. The ValPal Network says its members generated 83,158 leads during January from prospective sellers and landlords requesting an instant online valuation of their property […]
The post-election housing market bounce continued to be felt in January, as house prices across England & Wales rose 0.4 per cent during the month, or 0.9 per cent year-on-year, according to property search website Home. Asking prices rose to £307,499 as a result, with ultra-low stock levels cited as a possible reason for rising prices. […]
‘Boris bounce’ invigorates buyers and sellers, leading to 12% surge in sales Britain’s property market is in the grip of fresh boom, according to Rightmove, with asking prices jumping by more than £2,500 over the past month alone. The average asking price for a home rose to £309,399 in February, £40 shy of its all-time record, […]
The number of landlords in the private rental sector has fallen to a seven-year low, according to Hamptons International’s latest monthly letting index. Recent tax and legislative changes have resulted in a reduction in the total number of privately rented homes, falling by 156,410 since its peak in 2017, and yet the number of landlords […]