First-time buyers: Where do millennials stand on the property ladder? July 21, 2021 Around two-thirds of people aged in their 20s and 30s hope to buy a new home in the next five years, according to a survey. Some 66 per cent of people in their 30s and 67 per cent in their 20s are considering buying a property in the next five years, compared to 38 per [...]
Shortfall of 225,000 properties as average house price jumps to £338,447 July 19, 2021 Across Britain, the average asking price for a home is now £21,389 higher than it was just six months ago. The average price tag has jumped to a new record high for the fourth month in a row, reaching £338,447 in July, according to property website Rightmove. The website said the first half of this [...]
House prices surge 5.7 per cent to reach another record high July 19, 2021 Property prices have reached another record high, highlighting that demand in the housing market is still running hot, new figures released today reveal. The average price of a property coming to market jumped 5.7 per cent annually to £338,447 in July, according to property search site Rightmove. Prices rose 0.7 per cent over the last [...]
City suburbs, commuter towns and coastal locations record biggest jumps in rent July 15, 2021 City suburbs, commuter towns and coastal location have recorded the biggest rises in rent for tenants last year. Property portal Rightmove said that towns such as Rochdale, Folkestone and Farnham have seen asking rents jump by more than 25 per cent. Their survey showed that as Covid restrictions started to ease, there was a greater [...]
House prices: Property market slowdown good for long term stability July 14, 2021 Long-term stability in the housing market could be on the cards thanks to a gradual slowdown in house price growth and easing of government support, according to industry observers. Figures published by both Zoopla and Rightmove show that, although house prices are still outperforming the same period in 2019, growth compared with April and May [...]
UK house prices swell 10 per cent year-on-year July 14, 2021 The average price for a home has swelled 10 per cent, according to official data today, as house price inflation continues. London’s homeowners however might not feel the benefit, with prices jumping just 5.2 per cent in the year to May, the Office for National Statistics (ONS) said. Property prices in the capital have the [...]
Majority of UK tenants prepared to pay more for furnished homes July 14, 2021 A furnished rental home can improve your chances of finding a tenant and may increase the monthly level of rental income secured, according to new research by Manor Interiors. The firm have found that over a quarter of UK tenants would more likely view a rental property if it was already furnished. Another 26 per [...]
London homes: Pandemic panic-buying property leads to homeowner regrets July 13, 2021 London property: Pandemic panic-buying property leads to homeowner regrets
London in need of affordable housing to power recovery, say insurers July 13, 2021 London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today. The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England. Nigel [...]
Pandemic: Average household wealth grows for first time during recession since 1940’s July 12, 2021 Britain’s wealth gap continued to widen during the pandemic, with the richest 10 per cent earning £50,000 on average, according to think tank The Resolution foundation. The foundation attributed the increase to rising house prices and a lack of spending opportunities. Jack Leslie, a senior economist at the think tank, said it was rare for [...]