Posts by EAN Breaking News
Private rent and house prices, UK: September 2024
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. 1.Main points Average UK private rents increased by 8.4% in the 12 months to August 2024 (provisional estimate), down from 8.6% in the 12 months to July 2024. Average rents…
Read MoreUK inflation holding at 2.2% – Remains a Buyers’ Market
Commenting on UK inflation holding at 2.2% and how it remains a buyers’ market, Daniel Austin, CEO and co-founder at ASK Partners, said: “Despite inflation remaining above the 2% target, which may concern investors and consumers, the property sector has shown remarkable resilience in recent months. There are encouraging signs, as various house price indices from…
Read MoreFoxtons Lettings Market Index – August 2024
Foxtons data points towards continued healthy summer Lettings market 23% month-on-month increase in number of renters per new instruction The number of new listings was 7% higher in 2024 year to date, compared to the same period in 2023 Rents continue to remain stable in 2024, with no change between August and July New…
Read MoreZoopla Rental Market Report – September 2024
21 people competing for every rental property as supply remains a major problem for renters’, pushing rents higher Number of homes for rent still 24% below pre-pandemic average compounded by stalled new investment by private landlords Possible tax changes in Autumn Budget could result in further landlord sales Rental demand has weakened but still 21…
Read MoreWhere Are the Top Rising Neighbourhoods for First-time Buyers Across the UK?
Santander UK reveals the rising neighbourhoods for first-time buyers (FTBs), with top spots including Waverley, Waltham Forest, and Bassetlaw. It comes as FTBs are moving further away to get onto the property ladder due to lack of suitable properties and affordability constraints – saving an average of £29,000 compared to buying where they lived previously.…
Read MoreRental Reform Needs to Work for Tenants and Landlords
Speaking ahead of publication of the Renters’ Rights Bill later today, Ben Beadle, Chief Executive of the National Residential Landlords Association said: “Plans to reform the private rented sector have been on the table for over five years now. Above all, renters and landlords need certainty about what the future looks like. Whilst we await…
Read MoreHalifax House Price Index for August
UK house prices edge up to hit two-year high House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
Read MoreNationwide House Price Index for August
Annual house price growth edged higher in August UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home Headlines Aug-24…
Read MoreRightmove Points to Worsening Crisis in Private Rented Sector
Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
Read MoreZoopla House Price Index: August 2024
House prices rise across the UK as London veers into positive territory. But homeowners looking to sell must be wary of overpricing. Key takeaways Over the first 7 months of 2024, house prices have risen by 1.4%. All areas of market activity are up year-on-year – the long-awaited base rate cut has not had a…
Read MoreZoopla HPI: House prices rise just 1.4% so far in 2024
Zoopla HPI: House prices rise just 1.4% so far in 2024, but over-pricing your home means it will take more than twice as long to sell warns Zoopla This month, the HPI reveals that the UK has seen an increase in buyer demand (+20%) and sales agreed (+23%) YoY, as house prices rise by 1.4%…
Read MoreONS House Prices Index for August 2024
Average UK private rents increased by 8.6% in the 12 months to July 2024 (provisional estimate), unchanged from in the 12 months to June 2024. Average rents increased to £1,319 (8.6%) in England, £748 (7.9%) in Wales, and £965 (8.2%) in Scotland, in the 12 months to July 2024. In Northern Ireland, average rents increased…
Read MoreRent Controls Would Be a Disaster for Tenants
A third of private sector landlords would sell properties they let if rent controls were introduced, according to new research. The data, compiled by the research consultancy Pegasus Insight, finds that in the second quarter of the year 82 per cent of landlords in England and Wales reported strong demand for properties from tenants. Demand…
Read MoreUK house sales market a bit sunnier in July
RICS UK Residential Survey July 2024 New enquiries and sales remain steady in July More respondents anticipate market activity increasing in the months ahead House price indicators continue to fall in most regions Near-term sales expectations rise slightly to strongest result since January 2020 Gap between supply and demand in the rental market continues to…
Read MoreHalifax House Price Index for July
UK house prices rise in July House prices increased by +0.8% in July, following three relatively flat months Annual growth rate of +2.3% is the highest since January 2024 Typical property now costs £291,268 (compared to £289,042 in June) Northern Ireland continues to record the strongest annual house price growth in the UK Amanda…
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