Tag: Hamptons
-
UK’s Spiralling Rents Continue
August saw residential rents skyrocketing by an average of 12% across the UK. Estate agent Hamptons, a renowned name in the property market, has identified this as the most significant annual increase since they began collating this data in 2014. London’s Skyrocketing Rental Market Londoners felt the brunt of this escalation even more acutely. Rents…
-
More Mortgage Lenders Slash Rates
The UK mortgage market is experiencing a significant shake-up as high street lenders announce further reductions in mortgage rates. High street lenders have recently unveiled substantial reductions in UK mortgage rates. This news follows comments made by Bank of England Governor Andrew Bailey, who hinted that the UK might not see further rate hikes. Here’s…
-
Landlords Worse Off Despite Rising Rents
As the property market in the UK continues to evolve, potential property investors must be aware of the changing dynamics that could impact their profits. Rising rents have been a significant concern for both landlords and tenants alike, and recent reports suggest that this trend is set to continue. Despite the projected increase in rental…
-
Rents Will Rise 5x Faster than House Prices
Hamptons, a leading estate agent group, forecasts that rents will increase by nearly five times more than house prices by 2026. It predicts a 25% rise in rents between 2023 and 2026, outpacing the average 5.5% growth in house prices during the same period. Rising Rents and Falling House Prices The increase in rents is…
-
House-Flipping Guide Updated
Lovemoney have updated their introduction to house-flipping. House flipping, the practice of buying a rundown property, renovating it, and selling it for a profit, has remained popular even during the Covid-19 pandemic. In fact, research by estate agent Hamptons International has shown that 19,000 properties have been flipped during this time. The average difference between…
-
London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
-
Lessons From Britain’s Most In-Demand Airbnbs
The Telegraph looks at Britain’s most popular Airbnbs, and what lessons can be learned from them by Airbnb managers. As the popularity of staycations continues to grow and international travel remains uncertain, tourists are seeking unique and interesting accommodations in scenic locations across the UK. Airbnb has become the go-to platform for finding these unconventional…
-
4 Reasons Why Landlords Are Getting Out of Buy-to-Let
More and more buy-to-let landlords are choosing to sell their properties due to a combination of factors, including higher taxes, increased mortgage costs, and uncertainty over upcoming legislation. Research by the estate agent Hamptons shows that by the end of this year, almost 300,000 more homes will have been sold by private landlords than purchased.…
-
The Most Affordable Areas to Buy a House
The Daily Mail discusses the impact of rising mortgage rates on homebuyers in the UK and reveals the most and least affordable areas to buy a home in each region. According to Hamptons International, one in four households moved to a more affordable area this year, up from one in five the previous year. This…
-
Increase in Homes to Rent
The UK rental market is experiencing a shift as more homes are being offered for rent rather than for sale. This trend is driven by homeowners who are unable to sell their properties at their desired prices. Over the past two years, rental prices have increased by almost 10%, creating a situation where the demand…