Posts Tagged ‘London’
An increase in numbers of rental properties in London being used for short-term holiday lets (Airbnb)
An increasing number of rental properties in London are being used for short-term holiday lets using websites such as Airbnb and are no longer available for long-term renting. New research by the Residential Landlords Association (RLA) across the capital has found that there has been a 75% increase in the number of multi-listings on Airbnb…
Read MoreRental growth in london turned positive in July according to Countrywide
Countrywide plc Monthly Lettings Index July 2017 released today headlines ‘Rate of rental growth doubles’ The annual rate of rental growth in Great Britain doubled between June and July to 2.2%, driven by a turnaround in the London market. Rental growth in london turned positive in July following eight months of falls. A shortage of…
Read MoreProfits fall at Foxtons following downturn in London property market
Foxtons Group PLC today announced interim results for the half year ended 30 JUNE 2017. Lettings revenue £32.1m down 2% versus prior year; Volumes up 1% with several growth initiatives underway, offset by fall in rental rates. Remains a resilient, recurring revenue stream. Sales revenue £22.2m down 29% in the half; mainly driven by the…
Read MoreDecline in foreign investment in buy-to-let according to Countrywide
Countrywide’s latest Monthly Letting Index – June 2017 headlines ‘Proportion of overseas landlord’s halves.’ Rents rose 1.1% year-on-year across Great Britain in June to stand at £950 pcm The letting index report shows that the proportion of overseas based landlords in Great Britain hit a record low in 2017, now owning 5% of all homes…
Read MoreLondon rents grew on a monthly basis for the first time since November 2016 according to Your Move
The latest Buy-to-Let Index May 2017 (data) report from Your Move headlined ‘Seven UK regions see rents rise on annual basis’. Average rent across England and Wales is £814, London rents nudge upwards but are still 5% lower than in May 2016. Valerie Bannister, Lettings Director, Your Move, comments: “Strong and stable was the catchphrase…
Read MoreUK rental prices fell by 0.3% when compared to last year according to new data from Homelet
The latest Homelet Rental Index June 2017 headlines ‘UK Rents continue to fall’. New data from HomeLet reveals that UK rental prices fell by 0.3% when compared to last year, the second successive month in which rents showed a decline, the average monthly rent now stands at £908. Rents in London fell by 2.6% in June…
Read MorePrices in London are now sliding year on year says Home.co.uk
Latest Home.co.uk Asking Price Index released today 13th June headlines ‘Regions Prosper while London Home Prices Slide’. Asking prices rose by 0.4% across England and Wales over the last month, despite election uncertainty, the figure is 2.8% year-on-year. Figures reveal that Greater London prices slip by 0.1% this month making a year-on-year fall of 1.2%,…
Read MoreBelvoir on Party Property Promises
Recent news release from Belvoir headlines ‘Party Property Promises’. With just over one day to go before the General Election, Belvoir sets out in brief some of the housing policies that form a large part of each party’s manifesto. Chief Operating Officer, Dorian Gonsalves said “Whilst some initiatives may help some tenants, it is unfortunate…
Read MoreAverage rents fell nationally for the first time in eight years in May 2017 says Homelet
Homelet Rental Index report – May 2017 data published today headlines ‘UK rents fall for the first time in eight years’. Rents in the UK fell by 0.3% in May compared to the same month a year ago, the average monthly rent now stands at £901. Rents in London fell by 3.0% in May compared…
Read MoreSupply of private rental properties available in London fell by a third in April according to ARLA Propertymark
According to the latest ARLA Propertymark UK Private Rented Sector report for April, supply of properties available in London fell by a third in April, while only rising marginally on average across the UK. The number of tenants negotiating rent reductions fell last month – 2.8 per cent of agents witnessed tenants successfully negotiating rent…
Read MoreLondon house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
Read MoreUK property market is heading into a period of much lower growth overall according to Home.co.uk (API) report
The Home.co.uk Asking Price Index (API) report May 2017 released today headlines ‘London Prices Down but Most Regions Performing Well’. Home prices up overall by 2.8% year-on- year, however greater London prices down 1.6% year-on- year (down around 5.0% in real terms). Doug Shephard Director at Home.co.uk said: “The UK property market is heading into…
Read MoreReport examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital
The London Assembly Environment Committee launched their report yesterday 2 May 2017 headlined ‘Getting warmer – give London renters an energy break’ which examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital. They state in the leading paragraph: Many London homes are leaky and hard to heat. Improving…
Read MoreHouse price inflation in London continues to slow says Hometrack
The latest UK Cities House Price Index – March 2017 from Hometrack released 28 April 2017 leads with: City level house price growth rate is 6.4%, up from 4.9% at the end of last year. 2017 Q1 saw city level house prices rise by 3.5%, the highest quarterly rate of price inflation for 3 years.…
Read MoreFall in rental growth is driven by London says Countrywide.
Countrywide PLC Monthly Lettings Index for March 2017 published yesterday headlined – ‘One in five homes let, owned by a company landlord – a record high’. According to the report: In the first three months of 2017 the proportion of homes let by a company landlord reached 20%, a record high. Changes to tax relief calculations…
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