Tag: Northern Ireland
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Rents Reach Another All-Time High in August
Average rents in the UK have hit a record high, according to the latest rental index from HomeLet. The buy-to-let market in the UK can be a lucrative venture for those looking to invest in property. However, staying up to date with the latest trends and data is key to making informed decisions. Recent findings…
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UK Housing Market Facing Slowest Year in a Decade
The UK property market is facing its slowest year for house sales in over a decade, according to research by property portal Zoopla. The decline in sales is primarily due to higher mortgage rates and inflation, which have reduced the purchasing power of potential homebuyers. Zoopla’s study suggests that approximately 1 million houses will be…
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Exchanged Property Prices are Still Rising
According to data from TwentyEA, property prices for exchanged properties have risen by an average of 3.8% over the past year and 22% since 2019, with a compound annual growth rate (CAGR) of 4% per annum. This indicates a consistent upward trend in property values. The gap between initial asking prices and exchanged prices has…
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Scotland Could Suffer Worst House Price Dip
According to economists at Oxford Economics, Scotland is expected to experience the sharpest decline in house prices compared to any other region in the UK. They predict that property values in Scotland will fall by 15.7% from their peak in 2021 until 2025. Wales is also expected to see a significant drop in prices, with…
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Renting Out a Holiday Home? These are the Rules
If you’re getting started letting a holiday home, it’s important to know the rules in your area. In Property Reporter today, Ben Edgar-Spier, head of regulation and policy at Sykes Holiday Cottages has a handy round-up of what you need to know – “…the changes being introduced to the holiday letting sector vary across the…
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ONS – Rents Rose 5.3% in June
The ONS released its Index of Private Housing Rental Prices for June 2023 an it showed that rents had risen by over 5% in the last 12 months. On Twitter, Aimee North, Head of Housing Market Indices at the ONS, commented, “There was another record annual increase for UK rents in the latest month. London…
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ONS – House Prices Rose by 1.7% in June
The Office for National Statistics (ONS) released its latest report on UK house prices, for the month of June 2023. Main Points On Twitter, Aimee North, Head of Housing Market Indices at the ONS, said, “Annual house price inflation, measured using final transaction prices slowed again in June, but the fall was gentler than we…