Category “Economics”

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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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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