Private rent and house prices, UK: October 2024
Average UK private rents increased by 8.4% in the 12 months to September 2024 (provisional estimate); this is unchanged from the 12 months to August 2024. Average rents increased to £1,336 (8.5%) in England, £760 (8.3%) in Wales, and £973 (7.2%) in Scotland, in the 12 months to September 2024. In Northern Ireland, average rents…
EAN Breaking News
Foxtons Lettings Market Index – September 2024
Foxtons data points towards a resilient Lettings market despite seasonal dip • New market listings increased 12% from September 2023 • Applicant demand decreased 35% month-on-month from August, aligning with the typical seasonal dip • Applicant budgets remained 2% higher year-on-year in September, higher than any other year September signals the close of a highly…
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Record high rents as landlords brace for budget impact
Average advertised rents outside London hit a 19th consecutive quarterly record of £1,344 per calendar month (pcm), up 5.2% from last year, although this is the slowest rate of growth since 2021 London rents also hit a new record at £2,694 pcm, 2.5% higher than last year (£2,627 pcm) The balance between supply and demand continues…
Rightmove
Landmark Information Group Q3 2024 Property Trends Report (England and Wales)
Despite surge in housing supply, economic and political climate continues to put downward pressure on completion rates Landmark’s newly released Q3 Residential Property Trends report demonstrates a detailed analysis of the housing market, providing data from July to September 2024. The report highlights that high supply is offset by slow completions, with economic and political…
EAN Breaking News
What income do you need to buy a home? by Neil Parker, Leaders
As property prices continue to increase, many people – particularly those who aren’t yet home owners – are concerned about whether they will be able to afford to buy or move home. While getting together a deposit is one part of affordability, the other is the level of income you have, which will the main…
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Buy-to-let landlords optimistic about performance of their property investments
A new survey of buy-to-let (BTL) landlords in the UK has found: 60% are optimistic about the future performance of their property investments, both in terms of capital growth and rental returns. 57% say the Bank of England’s August rate cut had a positive impact on their investments. Two-thirds (58%) believe BTL investments remain highly…
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Industrial LED Lighting vs. Traditional Lighting: What Property Managers Should Know
When managing a property, lighting is often overlooked, yet it directly impacts safety, efficiency, and operational costs. Property managers are now tasked with choosing between traditional lighting systems, such as incandescent or fluorescent bulbs, and newer industrial LED lighting. Understanding the differences between these options is essential for making an informed decision that benefits your…
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Save a house deposit faster than ever in THESE areas!
Aberdeen City in Scotland is named the best place to live if you want to save for a house deposit fast, saving in as little as a year and a half Inverclyde is second, whilst Burnley is third Average salaries and house prices in each area as well as deposit amounts were taken into consideration…
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Furnishing Your Rental Property on a Budget: Tips for UK Tenants
Moving into a rental property often presents tenants with the exciting challenge of making the space feel like home without overstepping budget constraints. Whether you’re in Milton Keynes or anywhere in the UK, it’s possible to create a comfortable, stylish living environment without spending a fortune. Furnishing a rental property on a budget requires a…
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How to Fetch Faster Results in Real Estate Business Using 3D Animation?
Architects and realtors are well aware that computer-generated images (CG movies) are an effective tool for their presentations and marketing materials. The only issue is that having them manufactured can be time-consuming. Depending on its complexity, a 3D animation project can take anywhere from a few weeks to over a month to complete. However, in…
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Successful Marketing Ideas: Leaflet Distribution
In an age where digital channels reign supreme, the tactile feel of a leaflet can bring a refreshing twist to your marketing strategy. Leaflet distribution is not just a tried-and-true method, but when executed properly, it has the power to penetrate the market with a tangible, physical message. As businesses seek to create meaningful connections…
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Cash sales: Biggest shifts in outright property purchases in the UK
A new study uncovers the dramatic rise and fall of cash property sales in the UK over the last decade. Inverclyde saw a staggering 39.4% surge in cash sales since 2013, with over half of all properties bought outright in 2023. In stark contrast, Harlow witnessed a shocking 44.9% plunge in cash buyers during the…
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