The recent Budget has had a notable impact on the housing market, particularly for landlords and potential homebuyers. Here are some key changes and their effects: In summary, the Budget introduced cost increases for buy-to-let investors without providing substantial reliefs for buyers, potentially leading to increased rent prices, limited supply…
Read MoreThe residential property sector is grappling with the news of a 2% increase in Stamp Duty on buy-to-let properties, effective immediately. Chancellor Rachel Reeves announced this increase, raising the tax on investment properties from 3% to 5% in the recent Budget. This change is expected to heavily impact landlords, though…
Read MoreThe year has exceeded expectations, with sellers adopting more competitive pricing strategies. The average property asking price is now £362,143 and the average rent £1,231 PCM The current year is surpassing expectations, with sellers adopting more competitive pricing strategies. This month, average new seller asking prices have decreased by 1.7%…
Read MoreThe 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…
Read MoreRising 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…
Read MoreThe 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,…
Read MoreDuring the traditionally busy summer months, rental values continue to experience annual growth, indicating a sustained upward trend without any immediate signs of slowing down. In recent years, there has been a consistent departure of landlords from the sector, as noted by Zoopla. However, this trend has been ongoing since…
Read MoreMonthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland and Land and Property Services Northern Ireland. Average house prices in the UK have increased by 4.9% in the year to January 2018 (down from 5.0% in December 2017). The annual growth rate…
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