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Rental price growth north of the border continued to outstrip the rest of the UK with an annual rise of 1.7% in the year to December, although prices did dip by 0.2% month-on-month, Your Move report. The company’s buy-to-let index reveals that the average rent (seasonally adjusted) north of the border stood at £571 per...
City house price growth slows to 5.4% as London discounts reach 10%
UK city house price inflation has slowed to 5.4% as weak house price growth in London offsets above average growth rates in large regional cities, according to the latest Hometrack house price index.
As London house price growth slows to 1.8%, the data shows the gap between asking and achieved prices...
New analysis reveals the multi-speed nature of the UK housing market
Only one out of a total 348 local authorities across England and Wales has yet to see the average value of homes sold exceed £100,000, a new property analysis report shows. Yet every borough in London has now crossed the £300,000 threshold having exceeded £100,000 in 202, according to the report from property group Savills which lays bare the multi-speed nature of the UK housing market...
Agency research lifts the lid on tenants' finances and demographics
The average rental household in London has 2.1 rent-paying tenants, each paying £775 per month, equating to an average property rent of £1,600 per calendar month. The average age of a privately renting tenant is 37 years old and nearly a third of them - 32 per cent - have non-rent paying dependents living in their household...
Buy-to-let advice is needed more than ever
The mortgage market is, at all times, a moveable feast and the certainties of last month, or last year, can be changed in an instant. Quite clearly, much of this is to do with the changing nature of client’s circumstances and what might have worked for borrowers the last time, for example, they remortgaged are not going to be appropriate when that time comes around again...
