Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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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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‘Stop landlords using no-fault evictions during first three years of tenancy’
Radical suggestion is one of several PRS recommendations made by influential think tank the Institute for Public Policy Research.
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Shocking extent of ‘no fault’ evictions revealed by research
Some 21% of all Millennial renters have been forced to move out after their home after it was put on the market by their landlord, it has been revealed.
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Airbnb hosting firm attacks letting agents in London tube ads
Hostmaker.com suggests landlords should switch from longer-term lettings to short and medium-term rentals via its service.
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Build-to-Rent units leapt by a third last year as sector goes national
Research by Savills reveals that 30,000 build-to-rent units were built in the UK last year and that 43,400 are currently under construction.
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HMRC reveals surprise rise in house sales during December
Number of house sales increases by 3.6% but picture remains flat overall as Brexit turmoil continues to bear down on buyer and seller confidence.
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Third of home buyers know EXACTLY which home they want to bag
Research by Zoopla reveals how clued up some home buyers are now although a fifth has no clue where they'd like to live next.
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