The Office for National Statistics has published a price index tracking the prices paid for renting property from private landlords in the UK. The index shows: Private rental prices paid by tenants in the UK rose by 5.5 per cent in the 12 months to August 2023,...
The House of Commons Library published an overview of current and past approaches to helping homeowners with mortgage debt, including information on trends in arrears and repossessions. For the paper, click here.
The Office for National Statistics has published data on house prices and the number of transactions for property sales in England and Wales, on an annual basis. The data show: Median house price for residential properties was £290,000 in England and £200,000 in Wales...
The Bank of England has blamed higher rents on more landlords than usual quitting the private rental market within its detailed quarterly report on the economy. Its Agents’ Summary of Business Conditions report, which covers the period between July and August this...
This is Money has run an article on the rise in landlords incorporating. It can be seen here, and says: Landlords are increasingly buying property via limited companies, rather than in their own personal name, in order to slash their tax bills. Three quarters...
Under the heading 'Need to Know: A tale of two housing markets' the Financial Times has examined why property prices are falling in the UK and rising in the US. The article can be read here (subscription may be necessary) and believes 'Part of the explanation lies in...
Rightmove said UK asking prices rose by 0.4% in September after falling by 1.9% in August. However, the rise is below the 10-year average of 0.6%, home sales are down 7% versus 2019 pre-Covid, and asking price reductions reached a 12-year high. Nonetheless, the...
Landlords can access the funding from the local authority Disabled Facilities Grant, providing they have a tenant living in the property that requires the adaptation. Currently, DFG’s can be used to fund up to £30,000 towards adaptation in any one home in England. The...
The property sales market is set to continue to suffer with little prospect of a pick-up in the near future, RICS have reported - see here A survey indicator for house prices nationally last month continued to fall from -55 in July, to -68, marking the most negative...
Under the heading 'Rents are now cheaper than mortgages so should first-time buyers hold off?' This is Money are looking at the case for first time buyers to continue renting, rather than buying. It can be seen here, and shows the following graphic to show the...
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Here's a summary of the key points from the report by lettings agency Hamptons: Slowed Rental Growth: Despite a...