Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Fewer people are renting, reveals new research
Analysis of 90,000 lets last year across the UK by a leading estate agency within the Countrywide group reveals several surprising trends.
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Good news for tenants!
Renting became more affordable in 2018 thanks to a combination of a once-in-a-decade fall in annual rents and wage inflation, according to The Deposit Protection Service (DPS).
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Generation Rent set to transform UK rentals – and the High Street
‘Generation Rent’ Is transforming the UK rental market, driving change in rental property whilst providing real hope for revitalisation of the High Street...
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Scotland embraces build-to-rent
A surge in build-to-rent led developments is set to boost city living, as part of the Scottish cities’ agenda to power economic growth.
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Would you rent to someone on housing benefit? A third of letting agents say ‘no’
Government's latest survey of agents and landlords discovers shocking figures on who they will and will not rent properties to.
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Four landlords quit market and sold up per branch last month
Latest ARLA figures also reveal that six landlords quit BTL market in London per branch last month, and that available stock is down 4% across England.
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Housing crisis now hurting UK businesses, research reveals
Strutt & Parker says three quarters of 1,000 companies it canvassed say housing crisis is impacting their business' performance negatively.
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Blame Boris! Central London transactions slump by a third during final months of 2018
Research by estate agency Winkworth reveals a worsening position in the capital as Brexit jitters continue to subdue property sales in its central boroughs.
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Is your estate agency branch in a Brexit busting city?
As uncertainty continues over Brexit and Theresa May prepares to return to Brussels to hammer out a new deal, house price research shows many cities outside London have shrugged off the Brexit blues. Zoopla says house prices are rising at least twice as fast as the national house price inflation average of 2.7% in six cities. “As the debate around Brexit intensifies there has been renewed focus on what this means for the housing market,” says Zoopla’s UK Cities House Price Index. “It is clear from the transactional data that households are continuing to buy property at a steady rate and the impetus for growth in both activity and prices is focused in regional housing markets.” The six year-on-year house price increase Brexit-busters are: Edinburgh: 6.8% Liverpool: 6.3% Birmingham: 5.9% Nottingham: 5.9% Cardiff: 5.9% Manchester: 5.8% A further seven cities are seeing growth in excess of the national average: Leeds: 5.7% Sheffield: 5.4% Leicester: 4.6% Belfast: 3.8% Glasgow: 3.3% Newcastle: 3.3% Bristol: 3.3% “The strongest performing cities are outside SE England where affordability remains attractive and employment levels are rising,” says Zoopla’s Research and Insight Director Richard Donnell (below). “We expect current trends in price growth to continue across the…
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