FTSE 100 live: London’s blue-chip shares poised to shine, UK jobs and US inflation data key for direction
Build-to-rent giant PRS records double-digit profit growth as home shortage boosts rents property Overall, the group reported adjusted earnings of £18.7m, up 11 per cent and a profit before tax of £30.3m, up 106 per cent year-on-year.
London rents hit record high London renting crisis Average asking rents in London have hit record highs of £2,567 per month, new data shows, with tenants in the capital now paying a third more than they were pre-pandemic. Renters in the capital are forking out £559 more every month compared to the same period in 2019, a new study by Rightmove shows, as [...]
Segro hikes rents and eyes expansion following fundraising property In the first three months of 2024, the real estate investment trust invested £99m in new developments, with £600m total expected to be spent throughout the year, it said in a trading update.
Renting a Wework office? Here’s what happens next November 7, 2023 If Wework did go under in the UK, it wouldn't be all doom and gloom for the wider market, experts say
40 per cent of adults struggle to pay rent October 15, 2023 40 per cent of adults are finding it difficult to pay rent or mortgage payments, an increase of 10 per cent from last years' report.
After record rises, London rent hikes ease off April 15, 2024 Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.
Londoners are working 197 days a year just to pay the rent May 7, 2024 It will take the average Londoner until 16th June to earn enough before tax to cover their annual rent bill. The only way to bring prices down is to build more houses, says Sam Bidwell On average, for the first 125 days of 2024, English renters worked solely to pay their landlord. That’s according to [...]
London rents hit record highs – but price increases are slowing April 30, 2024 Average advertised rents in London are now 5.3 per cent higher than last year, but there are signs that the pace of price increases are slowing, a leading property portal has found.
London rents at record high as market hits ‘affordability ceiling’ January 26, 2024 The average price of rent in London has hit a record high of £2,631 per month, and is forecast to grow by three per cent more this year, a new report has found, but the market may hit an “affordability ceiling”. A study by property portal Rightmove said that this is just four pounds higher [...]
Not one London MP would prioritise build-to-rent properties October 11, 2023 Not one London MP would prioritise build-to-rent properties in terms of housing options, despite almost half of them located in London.