Tag: Brent
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London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…
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Landlords’ Rental Yields Soar in These UK Hotspots
New data from letting agent Lomond reveals that Merthyr Tydfil, Brent, and Hammersmith and Fulham are leading the pack. These areas have seen rental yields jump by a healthy margin over the past year: Other areas with strong gains: Not just a few hot spots: The good news is that every region of England and…
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London House Prices Slashed – Bag a Bargain in Your Borough!
Over a third of homes for sale in London have had their asking prices slashed – meaning big savings for buyers like you! Estate agent Benham and Reeves’ latest figures show 34% of London homes currently on the market have had a price reduction. Fancy a posh pad at a discount? Kensington and Chelsea tops…
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First-Time Buyers Moving to Areas They Don’t Know, Miles Away from Family and Friends
New research from Santander shows that two-thirds (67%) of first-time buyers purchased a property in a completely unfamiliar neighbourhood. This is a huge jump from five years ago when only half (51%) of buyers took the plunge and bought in an unknown area. This desperate measure highlights the difficult choices people are making in today’s…
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London House Prices: Is Your Borough Booming?
The average asking price for a London house is now a whopping £695,079. While that’s a slight dip from May, it’s still a 1.4% jump from last year, according to property experts Rightmove. But some areas are seeing prices rise while others are taking a tumble. If you’re thinking of buying or selling, now’s the…
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London Leads UK’s Rent Rise
London is now the frontrunner in the UK’s rental market, with record-breaking increases over the past year. However, it’s not just the capital feeling the heat; Scotland is also witnessing significant hikes in rental costs. According to the latest figures from Benham and Reeves, a leading lettings agent, rents in London have surged by an…
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London’s Housing Market – Who’s Up and Who’s Down?
London house prices have taken downturn, with an average decrease of 5% across the capital. However, not all boroughs are in the same boat; certain areas are experiencing growth against the odds. London’s property market, typically robust, has shown signs of strain with an overall decline in house prices by around 5%. This drop is…
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ONS Price Index of Private Rents (PIPR) – April 2024
The Office for National Statistics (ONS) has released its latest data on private rent prices across the UK for April 2024, providing a comprehensive overview of the current rental market. Here’s a breakdown of the key points from the report, helping renters and investors understand the trends and what they might mean for the future.…
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London’s Empty Homes Crisis – A £50 Billion Opportunity
Southwark emerges as London’s top borough for vacant properties, with a staggering 5,143 homes unoccupied in 2023. This figure underscores a widespread issue across the capital, where the combined value of these dormant assets is estimated to reach a jaw-dropping £50 billion. SBA Property Management’s latest analysis paints a vivid picture of a city teeming…
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UK Housing Minister Champions Build To Rent Initiative
Key points – Housing Minister Lee Rowley has publicly endorsed Build To Rent (BTR) schemes. This support was voiced at the first-ever Build To Rent Innovators conference, an event jointly organised by the National House Building Council and the British Property Federation. A Strong Advocate for BTR Lee Rowley, the newly appointed housing minister, took…