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Halifax Reports a 1.1% Rise in UK Housing Prices for October

Posted on Tuesday, 7 November, 2023

The UK’s average house prices broke a streak of six consecutive monthly declines in October, witnessing an increase of nearly £3,000 compared to September’s values, as the cost of a typical home rose. The latest data unveiled by Halifax has reported an unexpected surge in average housing prices for the…

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Roughly a Third of Landlords Have Expansion Plans for Their Portfolios

Posted on Friday, 27 October, 2023

In the latest survey by Landbay, 32% of buy-to-let landlords participating in the study expressed their intention to purchase property within the next year. In spite of consistently elevated interest rates and an atmosphere of uncertainty regarding the government’s long-term intentions for the rental sector, Landbay’s most recent survey reveals…

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Marked Increase in Yearly Rental Yields Across England and Wales

Posted on Thursday, 19 October, 2023

Fleet Mortgages’ Latest Market Analysis Shows Third Consecutive Quarterly Rise in Annual Rental Yields Specialist buy-to-let lender, Fleet Mortgages, has unveiled the most recent edition of its Buy-to-Let Rental Barometer, which presents rental yield data for Q3 2023 across England and Wales, comparing it to the same period in 2022….

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October sees the smallest 15-year rise in asking prices: Rightmove

Posted on Wednesday, 18 October, 2023

Rising levels of homes hitting the market have compelled sellers to price their properties more competitively. This shift has led to the typical seasonal increase in asking prices for October dropping to its lowest point since 2008. While September saw a modest 0.2% uptick in asking prices, it serves as…

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Propertymark: Persistent Rental Demand Outpaces Supply

Posted on Tuesday, 26 September, 2023

August witnessed a rise in the average number of potential tenants registering for rental properties, with 197 registrations compared to the 149 recorded in July. Simultaneously, the supply of available rental properties per member branch dwindled, averaging just 11. Furthermore, 69% of agents participating in the survey reported an increase…

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Government Makes a U-Turn, Cancels Plans for EPC Upgrades

Posted on Sunday, 24 September, 2023

Rishi Sunak has officially confirmed the growing speculations regarding the government’s intention to ease certain critical green policies, specifically the proposed minimum Energy Performance Certificate (EPC) standards for rental properties. These standards were expected to impose significant costs on landlords. In his address, Sunak pointed out the substantial expenses associated…

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Bank of England Maintains Interest Rates at 5.25%

Posted on Sunday, 24 September, 2023

The Monetary Policy Committee of the Bank of England has voted narrowly, with a 5-4 split decision, to maintain the Bank Rate at its current level of 5.25%. This decision comes after a staggering 14 consecutive rate increases aimed at curbing inflation. The financial industry had been in a state…

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Discover the top 5 attractions in and around Ickenham and Uxbridge!

Posted on Monday, 24 July, 2023

Uxbridge is a town in the London Borough of Hillingdon, England. It offers a mix of historical landmarks, green spaces, and modern amenities. Some of the notable attractions in and around Uxbridge and Ickenham include: 1. Battle of Britain Bunker: A historical site and museum that showcases the role of…

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Rightmove Reports: Asking Rents Reach Unprecedented Heights

Posted on Sunday, 23 July, 2023

The latest data from Rightmove reveals that average asking rents for new tenants outside of London have reached an all-time high at £1,231 per calendar month. This figure represents a remarkable 33% increase compared to pre-pandemic levels in 2019, with an increment of over £300 from £923 pcm. By contrast,…

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