Tag: Belfast
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Unprecedented Rise in Room Rents
As of the third quarter of 2023, rents across the UK have soared to levels never seen before. This trend isn’t just occurring in traditionally expensive areas; even regions once considered more affordable are experiencing sharp rent increases. Data from SpareRoom, a leading flatshare site, shows a staggering 16% year-on-year rise from 2022, setting the…
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Scotland’s Rent Control Loophole: Impact on New Tenants and the Wider UK Rental Market
The housing market in the United Kingdom has seen significant fluctuations in recent years, and a recent development in Scotland’s rent controls has raised eyebrows and concerns among tenants and property investors alike. A loophole in Scotland’s temporary rent controls has resulted in new tenants facing some of the largest rent increases in the UK,…
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Homeowners Improving, Not Moving
The property market in Britain is experiencing a significant shift, as more and more homeowners are choosing to improve their existing homes rather than moving. Data from MyBuilder.com reveals that a third of homeowners are delaying their plans to move due to rising mortgage rates. Instead, they are opting to extend, renovate, or generally improve…