The UK House Price Index indicates a slight decrease of 0.2% in house prices between February 2023 and February 2024. However, on a seasonally adjusted basis, average house prices increased by 0.7% between January 2024 and February 2024. House prices experienced...
Lomond, a rapidly expanding agency group, has conducted research unveiling the top 10 postcodes currently offering the most robust rental yields for British buy-to-let investors. Analyzing data on property values and asking rents across every postcode in Britain,...
Here's a summary of the key points from the report by lettings agency Hamptons: Slowed Rental Growth: Despite a slowdown, the average newly let rent in Britain has risen by 6.7% over the past year, significantly lower than the peak of 12% in August 2023. Rental Prices...
It seems there's a significant divergence of opinions regarding the direction of house prices, with a notable portion of Estate Agent Today readers expressing concerns about falling prices. Here are some key points from the survey and subsequent commentary: Survey...
MFB (previously Mortgage for Business) has released a statement on why they believe 'Why a Base Rate Cut Won’t Necessarily Make Your Mortgage Cheaper'. It can be seen here, and it seems that while there's anticipation for a reduction in the Bank of England Base Rate...
The UK Housing Price Index has just been released, and the headline statistics for February 2024 regarding UK property prices and related data are: Average Property Price: The average price of a property in the UK was £281,000. Annual Price Change: The annual price...
The rental sector is facing significant challenges as average rent arrears claims have reached a record high, according to data analyzed by alternative deposit provider Reposit. Here are the key points: Record High Arrears Claims: Between January 2021 and March this...
The latest data from the Office for National Statistics (ONS) reveals significant increases in renting costs across the UK, with average rents soaring by 9.2% in the year to March. Here's a summary of the key points: Steep Annual Rise: Rent prices have experienced the...
On April 1, 2024, the Ministry of Justice confirmed the increase in court and tribunal fees following a consultation process. The consultation paper, titled 'Implementing increases to selected court and tribunal fees,' was published on November 10, 2023. It sought...
The revelation that tenant application fraud has surged by 140% may not come as a surprise to those entrenched in the private rented sector. For landlords grappling with the challenges of an increasingly demanding market, this alarming trend poses significant...
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Summary of Housing Market Forecast for 2024 Key Points: Expected Price Increase: House prices across the UK are...
Writing in the Financial Times, Moira O'Neill questions whether buy-to-let investments are with while now. The article...