UK House Price Update
The average price of property coming to market marginally decreased by 1.3% this month (-£4,795) to £365,173. This is the first price fall of the year, though traditionally prices do fall in August, and this drop is on a par with the average of 1.3% over the last ten years. As the school holidays arrive, […]
House prices in Birmingham could see 15% rise due to Commonwealth Games
With Birmingham hosting the 22nd Commonwealth Games, new research has revealed what this could mean for its housing market in the years following based on the housing market performance seen across other previous host cities. The analysis by estate and lettings agent, Barrows and Forrester, reveals that the upcoming Commonwealth Games could help boost the […]
Birmingham guide to house prices, schools, commutes and more.
With HS2, a rental boom and family-friendly suburbs, the Commonwealth Games host city is going for gold. This is Birmingham’s time to shine,” Boris Johnson declared as the West Midlands city prepared to welcome officials and the 6,500 athletes of 72 teams from across the world to compete in the biggest sporting programme in Commonwealth […]
UK House Price Update
The average price of property coming to market sees a sixth consecutive record this month, rising by 0.4% (+£1,354) to £369,968. A continuing desire to move and low numbers of homes for sale are driving further price growth even at a time when personal finances are becoming increasingly stretched. Buyer demand continues to exceed historically […]
The red-hot rental market! Tenants set to fork out a record £63billion this year as average rent hits £1,163
Tenants are forking out a record amount of rent, exacerbating the cost of living crisis for them, according to new data. They paid out a total of £31billion in rent during the first half of this year, and are on track to pay out £63billion for the year as a whole. The figures from lettings […]
UK House Price Update
The average price of property coming to market hits yet another new record for a fifth consecutive month, rising by 0.3% (+£1,113) to £368,614. This is the smallest increase since January, as the pace of price rises starts to slow. Despite five consecutive interest rate rises and the increasing cost of living, buyer demand for […]
RICS: Rent rises to outstrip house prices in next five years
Over the next five years rents are expected to grow faster than house prices according to surveyors. Rents are expected to rise by 5% compared to 4% for house prices, as detailed in the Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS). Surveyors expect rental costs to go up due to rising […]
How UK house prices have increased over the last 70 years as we mark the Queen’s Jubilee
A lot has changed in seven decades – including the cost of a home During the last seven decades, the cost of a home has changed dramatically. The property market was very different back in 1952, with just 32% of households owning their own home, compared to 65% today, according to Nationwide. As well as […]
UK House Price Update
The average price of a UK home hit a record level for the fourth month in a row in May 2022, according to data from property portal Rightmove. Its latest house price index shows that asking prices rose by 2.1% month-on-month, taking the average value to £367,701. Annual price growth to May this year stood […]
Rents have shot up by nearly £100 per month in just one year
Rents are nearly £100 per month higher on average than a year ago. The average UK monthly rent was £995 in the first quarter of this year, Zoopla said, up by 11 per cent from £897 a year ago. Its index is based on new lets agreed and shows demand has surged back into city […]
