Pressure on House prices and Rents continues.
According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had risen to 9.3% of the total due, up from 8.2% in November
The index had previously suggested rents, occasionally, rising at a faster pace than house prices for the first time since 2013 during 2015.
It is expected that official figures will show average house price growth of more than 7% for last year and that the shortage of supply mostly blamed for driving prices upwards.
According to the Office for National Statistics the UK Property Transactions Count for Decemeber 2015 showed the seasonally adjusted estimate of the number of residential property transactions increased by 1.9% between November 2015 and December 2015. December’s seasonally adjusted figure is 11.6% higher compared with the same month last year.
You May Also Enjoy
Labour to enforce entry to your home for Property Mansion Tax?
Public Sentiment Favours Social Infrastructure Over Housing Resistance
Homebuyers are Prioritising Wi-Fi Over Good Schools
Landlord returns reach almost 7% in some areas
Portfolio landlords now control almost half of England’s private rentals
