UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
General Election 2015: Rent controls pledged by Labour to woo “generation rent” April 26, 2015 Ed Miliband is seeking to woo a generation of voters priced out of the property market with a promise to stop landlords making significant increases to rents. The Labour leader has pledged to cap rent rises at no more than the rate of inflation over the term of a three-year tenancy if elected at the [...]
Crest Nicholson sees trade rise in a competitive housing market May 19, 2015 Housebuilder Crest Nicholson said yesterday that revisions to stamp duty and increasingly competitive pricing in the mortgage market led to strong trading in the six months ending 30 April. Sales per outlet per week for the six-month period were at 0.93, a 12 per cent increase on 0.83 in the first six months of 2014. [...]
London rent price growth stalls as regions outpace the capital March 23, 2015 London rental growth is being outpaced by the regions after prices in the capital stalled in the three months to February, according to a survey out today. HomeLet’s Rental Index found that rent prices rose across seven of the 12 UK regions, with the north east and south west of England leading the way with [...]
The super-rich paying a £50,000 deposit to RENT in London August 20, 2015 With rising house prices placing home ownership out of reach for many and overseas investment rife, London’s lettings market is booming. But the commonly-painted picture of young professionals struggling to pay for their grotty house share in Dalston only tells one side of this increasingly complex story. For competition isn’t only fierce at the affordable [...]
London barometer: Home buyers and sellers shrug off General Election uncertainty April 23, 2015 It appears that buyers and sellers are getting bored of political uncertainty and this is reflected in the consistent flow of properties coming to the market. Perhaps this will come as a surprise to many people, but the number of offers being agreed is what we’d usually expect at this time of the year. [...]
Taylor Wimpey, Barratt Developments and Persimmon share prices dip as fears about Labour rent control plans take hold April 27, 2015 Housing experts warned that Labour plans to bring in rent controls could lead to investors pulling out of the rental market. The Association of Rental Letting Agents (ARLA) said yesterday that three-quarters of its members feared the plans would “see landlords exit the market and reduce supply”. Such fears led to an immediate [...]
Your Move: London rental prices have soared 27pc under David Cameron April 22, 2015 Residential rents in London have far outstripped the rate of inflation under the current government, according to a new report out today. Rent in the capital increased by 27.4 per cent since the last General Election, according to the latest Buy-to-Let index from estate agents Your Move and Reeds Rains. Consumer Price Inflation (CPI) increased [...]
Buy-to-let: It’s not all about capital growth March 17, 2015 The stability of rents against average incomes makes for an attractive proposition. The UK – and London in particular – has been the beneficiary of large inflows of global capital into property in the last few years. While most of these funds have flowed into commercial real estate, a growing proportion is being directed into [...]
London rents increasing six times faster than North England and Wales February 5, 2015 London's private rent prices have risen more than any other region in the UK over the last four years. The private housing rental prices index, published by the Office for National Statistics, reveals just how quickly rent is increasing in the capital compared to other areas of the country. Since January 2011, rent has increased [...]